blank. Journal entries and trial balance

On August $1,20$Y$7,$ Rafael Masey established Planet Realty, which completed the following transactions during the month:

a$.$ Rafael Masey transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $$21,000.$

b$.$ Purchased supplies on account, $$1,120.$

c$.$ Earned sales commissions, receiving cash, $$17,220.$

d$.$ Paid rent on office and equipment for the month, $$3,790.$

e$.$ Paid creditor on account, $$410.$

f$.$ Paid dividends, $$1,020.$

g$.$ Paid automobile expenses $($including rental charge$)$ for month, $$1,050,$ and miscellaneous expenses, $$710.$

h$.$ Paid office salaries, $$2,200.$

i$.$ Determined that the cost of supplies used was $$620.$

Required:

Automobile Expense, Supplies Expense, Miscellaneous Expense. If an amount box does not require an entry, leave it blank.

a$.$ Cash $$ b$.$ Supplies $$ Accounts Payable $$

$21,000$

C$.$

$$

$$

$1vv$

Sales Commissions $$

$$

d$.$

$$

$1$

e$.$ Accounts Payable $$

$$

$1$

Cash $$

$$

f$.$

$$

Cash $$

$$

$$

g$.$

Automobile Expense $\frac{\text{M}\text{i}\text{s}\text{c}\text{e}\text{l}\text{l}\text{a}\text{n}\text{e}\text{o}\text{u}\text{s}\text{E}\text{x}\text{p}\text{e}\text{n}\text{s}\text{e}}{\text{C}\text{a}\text{s}\text{h}}$

$1$

h$.$

$\frac{\text{O}\text{f}\text{f}\text{i}\text{c}\text{e}\text{S}\text{a}\text{l}\text{a}\text{r}\text{i}\text{e}\text{s}\text{E}\text{x}\text{p}\text{e}\text{n}\text{s}\text{e}}{i}$

$$

$$

i$.$

Supplies Expense $$ Determine the account balances, after all posting is complete. Accounts containing only a single entry do not need a balance.

Accounts Payable

Sales Commissions

Rent Expense

Office Salaries Expense

Automobile Expense

Planet Realty

Unadjusted Trial Balance

August $31,20$ Y $7$

Determine the following:

a$.$ Amount of total revenue recorded in the ledger.

b$.$ Amount of total expenses recorded in the ledger.

$

c$.$ Amount of net income for August.

$

Determine the increase or decrease in retained earnings for August.