The following information relates to Sanculi Real Estate Agency:
| Oct. 1 | Alan Sanculi begins business as a real estate agent with a cash investment of $15,000 |
| 2 | Hires an administrative assistant. |
| 3 | Purchases office furniture for $1,900, on account. |
| 6 | Sells a house and lot for R. Craig; bills R. Craig $3,800 for realty services performed. |
| 27 | Pays $1,100 on the balance related to the transaction of October 3. |
| 30 | Pays the administrative assistant $2,500 in salary for October. |
Instructions
Prepare the debit-credit analysis for each transaction.
Solution
Sanculi Real Estate Agency
Debit-Credit Analysis
Debit-Credit Analysis
