Journal Entries and Trial Balance On August 1, 2017, 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, $26,000. b. Purchased supplies on account, $1,390. c. Earned sales commissions, receiving cash, $21,320. d. Paid rent on office and equipment for the month, $4,690. e. Paid creditor on account, $510. f. Paid dividends, $1,260. g. Paid automobile expenses (including rental charge) for month, $1,300, and miscellaneous expenses, $870. h. Paid office salaries, $2,730. 1. Determined that the cost of supplies used was $770. Required