Prepare the debit-credit analysis for each transaction

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Reference no: EM133327729

Case: The following information relates to Royale Real Estate Agency.

Oct. 1 James Royale begins business as a real estate agent with a cash investment of $17,000.
2 .Hires an administrative assistant.
3. Purchases office furniture for $1,900, on account.
6.Sells a house and lot for C. Rouse; bills C. Rouse $3,800 for realty services performed.
27.Pays $1,300 on the balance related to the transaction of October 3.
30. Pays the administrative assistant $2,500 in salary for October.

Prepare the debit-credit analysis for each transaction as illustrated in the textbook.

Reference no: EM133327729

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