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eBook StrategY Journal Entries and Trial Balance On January 1, 2014, Faith Schultz established Heavenly Realty, which completed the following transactions during the month a.

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eBook StrategY Journal Entries and Trial Balance On January 1, 2014, Faith Schultz established Heavenly Realty, which completed the following transactions during the month a. Faith Schultz transferred cash from a personal bank account to an account to be used for the business, $22,000 b. Paid rent on office and equipment for the month, $4,020 C.Purchased supplies on account, $1,190 d. Paid creditor on account, $440. e. Earned sales commissions, receiving cash, $18,260 f. Paid automobile expenses (inclding ental charge) for month, $1,110, and miscellaneous expenses, s750 g. Paid office salaries, $2,340 h. Determined that the cost of supplies used was $660. i. Withdrew cash for personal use, $1,080 Required Hide 1.Journalize entries for transactions (a) through (i) (in chronological order), using the following account titles: Cash; Supplies; Accounts Payable; Faith Schultz, Capital; Faith Schultz, Drawing: Sales Commissions; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. For a compound transaction, if an amount box does not require an entry, leave it blank. b. d

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