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Journal Entries and Trial Balance On August 1, 2017, Rafael Masey established Planet Realty, which completed the following transactions during the months a. Rafael Masey

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Journal Entries and Trial Balance On August 1, 2017, Rafael Masey established Planet Realty, which completed the following transactions during the months a. Rafael Masey transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $17,500 b. Purchased supplies on account, $2,300 c. Earned sales commissions, receiving cash, $13,300, d. Paid rent on office and equipment for the month, $3,000. e. Pald creditor on account, $1,150. f. Paid dividends, $1,800. 9. Pald automobile expenses (including rental charge) for month, $1,500, and miscellaneous expenses. $400. h. Pald office salaries, $2,800. 1. Determined that the cost of supplies used was $1,050. Required: 1. Journal entres for transactions (a) through (1), using the following account titles: Cash, Supplies, Accounts Payable, Common Stock Dividends. Sales Commissions, Rent Expense, Office Salaries Expanse, Automobile Expense, Supolies Expense, Miscellaneous Expense. If an amount box does not require an entry leave it blank Acey 101 Review Content Ares

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