Presented below is information related to Concord Corporation. Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $28,426 in exchange for common stock.
2 Hires an administrative assistant.
3 Purchases office furniture for $3,269, on account.
6 Sells a house and lot for N. Fennig; bills N. Fennig $5,117 for realty services performed.
27 Pays $1,208 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $3,553 in salary for October.
Prepare the debit-credit analysis for each transaction.

  Date             Account Titles             Debit       Credit  

October 1        Cash                            $28,426

                               Common Stock                    $28,426

October 2       No journal entry

October 3       Office Furniture           $3,269

                                 Accounts Payable             $3,269

October 6      Accounts Receivable    $5,117

                                 Service Revenue               $5,117

October 27    Accounts Payable        $1,208

                                  Cash                                  $1,208

October 30    Salaries Expense         $3,553

                                   Cash                                 $3,553

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

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