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 $19,800.
2 Hires an administrative assistant.
3 Purchases office furniture for $2,508, on account.
6 Sells a house and lot for R. Craig; bills R. Craig $4,752 for realty services performed.
27 Pays $1,452 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $3,300 in salary for October.
Required:
Journalize the transactions. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.