Current Attempt in Progress The following information relates to Bramble Real Estate Agency. Oct. 1 James Bramble begins business as a real estate agent with a cash investment of $21,900. Hires an administrative assistant. Purchases office furniture for $2,774, on account. Sells a house and lot for C. Rouse; bills C. Rouse $5,256 for realty services performed. Pays $1,606 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,650 in salary for October. 2 Oct. 1 3 27 Oct. 2 6 Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debits Credits Debits Credits : : : Affect on Accounts Debit Credit : Debit Debit-Credit Analysis Credit $ $ $ LA A
Current Attempt in Progress The following information relates to Bramble Real Estate Agency. Oct. 1 James Bramble begins business as a real estate agent with a cash investment of $21,900. Hires an administrative assistant. Purchases office furniture for $2,774, on account. Sells a house and lot for C. Rouse; bills C. Rouse $5,256 for realty services performed. Pays $1,606 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,650 in salary for October. 2 Oct. 1 3 27 Oct. 2 6 Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debits Credits Debits Credits : : : Affect on Accounts Debit Credit : Debit Debit-Credit Analysis Credit $ $ $ LA A
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:Current Attempt in Progress
The following information relates to Bramble Real Estate Agency.
Oct. 1
James Bramble begins business as a real estate agent with a cash investment of $21,900.
Hires an administrative assistant.
Purchases office furniture for $2,774, on account.
Sells a house and lot for C. Rouse; bills C. Rouse $5,256 for realty services performed.
Pays $1,606 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $3,650 in salary for October.
2
Oct.
1
3
27
Oct.
2
6
Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry" for the account titles and enter O for the
amounts.)
Debits
Credits
Debits
Credits
Affect on Accounts
Debit
Credit
Debit
Debit-Credit Analysis
Credit
$
$
$
$
A
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