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, $24,000. b. Purchased supplies on account, $1,280. c. Earned sales commissions, receiving cash, $19,680. d. Paid rent on office and equipment for the month, $4,330 e. Paid creditor on account, $470. f. Paid dividends, $1,160. 9. Pald automobile expenses (including rental charge) for month, $1,200, and miscellaneous expenses, $810. h. Paid office salaries, $2,520, 1. Determined that the cost of supplies used was $710. 1. Journal entries for transactions (a) through), using the following account title: Cash, Supplies, Accounts Payable, Common Stock Dividends. Sales Commissions, Rent Expense, Office Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous pense. If an amount box does not require an entry, leave it blank. II 2. Prepare Taccounts, using the account titles in (2). 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 B01 Supplies 4. 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 5. Determine the increase or decrease in retained earnings for Augusti 3. Prepare an undatedral balance of August 31, 2017 List a accounts in the order of Amets Labs, Stockholders equity, Nevenues, and bones. For those boses in which he entry is required, leave the box blank Planet Realty Unadjusted Trial Balance August 31, 2017 Debit Balances Credit Balances