This information relates to Bramble Real Estate Agency. Oct. 1 Stockholders invest $31,930 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $30,600. 3 Buys office furniture for $3,850, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,770 (not paid by Roads at this time). 10 Receives cash of $155 as commission for acting as rental agent renting an apartment. 27 Pays $690 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,550 in salary for October. Prepare the debit-credit analysis for each transaction. (If there is no Oct. 1 Debits Debit Credit: Increase Liabilities Decrease Assets Increase Expenses Increase Revenues Decrease Expenses Increase Stockholders' Equity Decrease Revenues No Effect Increase Assets Decrease Stockholders' Equity Decrease Liabilities Credit Oct. 2 Debits Debit Credits Credit Oct. 3 Debits 3 DUYS UICC Turun 6 Sells a house and lot for E. C. Roads; commissions du 10 Receives cash of $155 as commission for acting as re 27 Pays $690 on account for the office furniture purchas 30 Pays the administrative assistant $2,550 in salary for Prepare the debit-credit analysis for each transaction. (If there Oct. 1 Debits Debit Credi Credi Cash Salaries and Wages Expense Equipment Accounts Receivable Service Revenue Common Stock Accounts Payable No Effect Debit Debit Credits Credit Oct. 3 Debits 6 Sells a house and IULIUI E. C. RUDUS, CUMINIJJIUNJUULI 10 Receives cash of $155 as commission for acting as rental 27 Pays $690 on account for the office furniture purchased 30 Pays the administrative assistant $2,550 in salary for Oct Prepare the debit-credit analysis for each transaction. (If there is no Oct. 1 Debits Debit Credit: Increase Liabilities Decrease Assets Increase Expenses Increase Revenues Decrease Expenses Increase Stockholders' Equity Decrease Revenues No Effect Increase Assets Decrease Stockholders' Equity Decrease Liabilities Credit Oct.2 Debits Debit Credits Credit Oct. 3 Debits
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