4. How much did June's transactions increase or decrease stockholders' equity? by $ x On June 1 of the current year, Chris Bates established a business to manage rental property. The following transactions were completed during June: a. Opened a business bank account with a deposit of $75,000 in exchange for common stock. b. Purchased office supplies on account, $2,200. c. Received cash from fees eamed for managing rental property, $19,500. d. Paid rent on office and equipment for the month, $8,000. e. Paid creditors on account, $1,850. 1. Buled customers for fees earned for managing rental property, $6,000. 9. Paid automobile expenses for month, $1,500, and miscellaneous expenses, $800. h. Paid office salaries, 35,500 . 1. Determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,650. 1. Paid dividends, $4,000