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Joumal Entries and Trial Balance On August 1, 2019, Rafael Masey established Planet Realty, which completed the following transactions during the month: a. Rafael Masey

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Joumal Entries and Trial Balance On August 1, 2019, 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, $17,500 t. Purchased supplies on account, $2,300. c. Eamed fees, receiving cash, $13,300. d. Paid rent on office and equipment for the month, $3,000. e. Paid creditor on account, $1,150 1. Withdrew cash for personal use, $1,800. 9. Paid automobile expenses (including rental charge) for month, $1,500, and miscellaneous expenses, $400. h. Paid office salaries, $2,800 1. Determined that the cost of supplies used was $1,050. Required: 1. Joumalize entries for transactions (a) through (1), using the following account titles: Cash; Supplies; Accounts Payable; Rafael Mosay, Capitals Rafael Masey, Drawing; Fees Earned; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. For a compound transction, if an amount box does not require an entry, leave it blank. 2. Prepare Taccounts, using the account titles in (1). Post (in chronological order) the journal entries to these accounts, selecting the appropriate letter to the left of each amount to identify the transactions. Determine the account balances, after all posting is complete, Accounts containing only a single entry do not need a balance. Cash Bal Supplies Ball Accounts Payable Bal Accounts Payable Bal. Rafael Masey, Capital Rafael Masey, Drawing Fees Earned Rent Expense Unadjusted Trial Balance August 31, 2019 Debit Creditt Balances Balances 4. Determine the following: a. Amount of total revenue recorded in the ledger

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