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E2-4 Presented below is information related to Hanshew Real Estate Agency.Oct 1 Pete Hanshew begins business as a real estate agent with a cash investment of $15,000 in exchange for common stock...

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E2-4 Presented below is information related to Hanshew Real Estate Agency.

Oct.:

1 Pete Hanshew begins business as a real estate agent with a cash investment of $15,000 in exchange for common stock.

2 Hires an administrative assistant.

3 Purchases office furniture for $1,900, on account.

6 Sells a house and lot for B. Kidman; bills B. Kidman $3,200 for realty services provided.

27 Pays $700 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 as illustrated on pages 61–66.

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