Reference no: EM132654361
The following information relates to Oriole Real Estate Agency.
Oct. 1 Alan Oriole begins business as a real estate agent with a cash investment of $24,000.
2 Hires an administrative assistant.
3 Purchases office furniture for $3,040, on account.
6 Sells a house and lot for R. Craig; bills R. Craig $6,080 for realty services performed.
27 Pays $1,760 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $4,000 in salary for October.
Problem 1: Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)