=+On November 1 of the current year, Rhea Quade established a business to manage rental property. She completed the following transactions during November:

a. Opened a business bank account with a deposit of $30,000 from personal funds.

b. Purchased supplies (pens, file folders, and copy paper) on account, $1,750.

c. Received cash from fees earned for managing rental property, $3,600.

d. Paid rent on office and equipment for the month, $1,300.

e. Paid creditors on account, $500.

f. Billed customers for fees earned for managing rental property, $4,800.