=+Bal. 8,200 11,500 680 1,580 15,000 5,000 39,500 16,000 7,500 4,500 1,500 1,200 On August 1, 2010,

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=+Bal. 8,200 11,500 680 1,580 15,000 5,000 39,500 16,000 7,500 4,500 1,500 1,200 On August 1, 2010, Tanja Zier established Royal Realty. Tanja completed the following transactions during the month of August:

a. Opened a business bank account with a deposit of $20,000 from personal funds.

b. Purchased supplies (pens, file folders, paper, etc.) on account, $2,650.

c. Paid creditor on account, $1,600.

d. Earned sales commissions, receiving cash, $28,750.

e. Paid rent on office and equipment for the month, $4,200.

f. Withdrew cash for personal use, $5,000.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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