Oct. 1 M-planet begins business as a real estate agent with a cash investment of $25,000 in exchange for common stock. 3 Purchases office furniture for $2,900, by paying $700 cash with the balance on...

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Extracted text: Oct. 1 M-planet begins business as a real estate agent with a cash investment of $25,000 in exchange for common stock. 3 Purchases office furniture for $2,900, by paying $700 cash with the balance on account. 6 Sells a house and lot for Spock, earning a fee of $360,000, with $60,000 collected in cash and the balance billed to Spock. 27 Pays $900 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $4,300 in salary for October. 31 Collects $300,000 of the balance owed by Spock. Instructions: (a) Journalize the transactions. (Journal entries must be in good form and format. You may omit explanations.) Fill in missing dates, accounts and amounts Date Account/explanation DR CR