This information relates to Ayayai Real Estate Agency. Oct. 1 Stockholders invest $31,460 in exchange for...

Date	Debt Analysis	Debit Amount	Credit Analysis	Credit Amount
Oct. 1	Cash Account is debited because cash is an asset and it always has debit balance and when issue of shares, cash comes into the business so it increases, hence, debited.	$31,460	Common Stock Account is credited because it is an equity account and it always has credit balance. When common stock is issued, it increases so it is credited.	$31,460
Oct. 2	No Effect because it is not a transaction.	$0	No Effect because it is not a transaction.	$0
Oct. 3	Furniture Account is debited because furniture is an asset and it always has debit balance and when furniture is purchases, its balance increases, hence, it is debited.	$3,810	Accounts Payable Account is credited because it is a liability account and it always has a credit balance. When furniture is purchased on account, liability increases so it is credited.	$3,810
Oct. 6	Accounts Receivable Account is debited because Accounts Receivable is an asset and it always has a debit balance and commision is earned, the amount is not received, hence, it will be treated as asset, thus, it is debited.	$11,020	Commission Revenue Account is credited because it is a revenue account and it always has credit balance. When commission revenue is earned, the revenue account increases, thus, it is credited.	$11,020
Oct. 10	Cash Account is debited because cash is an asset and it always has debit balance and when cash is received, its balance increases, thus, it is debited.	$230	Commission Revenue Account is credited because it is a revenue account and it always has credit balance. When commission revenue is earned, the revenue account increases, thus, it is credited.	$230
Oct. 27	Accounts Payable Account is debited because it is a liability account which is decreased due to settlement of the account, hence, it is debited.	$780	Cash Account is credited because it decreases due to payment made to creditors.	$780
Oct. 30	Salaries Expense Account is debited because is is an expense account and it always has debit balance. When salaries expense is accrued then it increases, thus, it is debited.	$2,650	Cash Account is credited because it decreases due to payment made to administrative assistant.	$2,650