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Transaction data for Vaughn Real Estate Agency are presented as follows. Oct. 1 2 3 6 27 30 James Vaughn begins business as a real estate agent with a cash investment of $16,650. Hires an administrative assistant. Purchases office furniture for $2,109, on account. Sells a house and lot for C. Rouse; bills C. Rouse $3,996 for realty services performed. Pays $1,221 on the balance related to the transaction of October 3. Pays the administrative assistant $2,775 in salary for October.

Transaction data for Vaughn Real Estate Agency are presented as follows. Oct. 1 James Vaughn begins business as a real estate agent with a cash investment of $16,650. 2 Hires an administrative assistant. 3 Purchases office furniture for $2.109 on account. 6 Sells a house and lot for C. Rouse: bills 0 Rouse $3,996 for realty services performed. 27. Pays $1,221 on the balance related to the transaction of October 3 , 30 Pays the administrative assistant \$2.775 insalary for October. Date Account Titles and Explanation Debit Credit Journalize the transactions. (List all debit entries before credit entries Credit Gocount tiffes are dutematicolly indented when amount is entered. Do not indent manually. Record joumalentries in the order presented in the problem 1 no entryls reculied, select . Wo En Ery for the occount tities and enter 0 for the amounts)

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