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Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She comited the following transactions during ember a. Opened a business bank account with a deposit of 545,000 in exchange for common stock b. Purchased office supplies on account. 12,830 c. Received cash from fees cared for managing rental property. 0.040. d. Pald rent on office and equiment for the month $3,470. e Paid creditors on account, $1,290 Lilled customers for fees camed for managing rental property, 56,430. Paid wutomobile and for month, 1770, and miscellaneous expenses, $390. Vaid offices, 52440 Determined that the cost of suppies on hand was $1.670, therefore, the cost of suplessed was $1.160. 1. Paid dividends 52.110. Required: 1. nicate effect of each transaction and the Deserach transaction For those bones in which no entry is reed, we the box blank For those in which you must enter strative or negative number we amusobam00 Ase Stockhol' uity Account Account Fees Common Rent Sal. Supe Item Cash + Supplies Dividends - Receive Stock Earned Expense Expense Expense Misc Elet Ba. Sunt for Grading Time Ring 2221 Bu Bal 9 nal TI Ball al 1 be of capital social and 2. Stockwuty is the night of stock to the set of the true. They are 2. Demine the income for September byder 4. How much og Sebenac (1) Secrease reading! Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the following transactions during September a. Opened a business bank account with a deposit of $45,000 in exchange for common stock. b. Purchased office supplies on account, $2,830. c. Received cash from fees canned for managing rental property, $8,040. d. Paid rent on office and equipment for the month, 53,470. e. Paid creditors on account, $1,290. 1. Billed customers for fees earned for managing rental property. $6,430. 9. Paid automobile expenses for month, 5770, and miscellaneous expenses, 5390. h. Paid office salaries, $2,440. Determined that the cost of supplies on hand was $1,670; therefore, the cost of supplies used was 51,160. 3. Pald dividends $2,310. Required: 1. Indicate the effect of each transaction and the balances after each transaction For those bones in which no entry is required, leave the box blank For those bones in which you must enter subtractive or negative numbers use a minus sign (Example: -300) Assets - Liabilities + Stockholders Equity Accounts Accounts Common Fees Rent Sali Supp Item Cash Supplies Dividends Receivable Payable Stock Earned Expense Expense Expense + Bal NE