Journal Entries and Trial Balance

On January 1, 2014, Faith Schultz established Heavenly Realty, which completed the following transactions during the month:

Faith Schultz transferred cash from a personal bank account to an account to be used for the business in exchange for capital stock, $25,000.

Paid rent on office and equipment for the month, $4,510.

Purchased supplies on account, $1,330.

Paid creditor on account, $490.

Earned sales commissions, receiving cash, $20,500.

Paid automobile expenses (including rental charge) for month, $1,250, and miscellaneous expenses, $840.

Paid office salaries, $2,620.

Determined that the cost of supplies used was $740.

Paid dividends, $1,210.

Required:

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1. Journalize entries for transactions (a) through (i) (in chronological order), using the following account titles: Cash, Supplies, Accounts Payable, Capital Stock, Dividends, Sales Commissions, Rent Expense, Office Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense. For a compound transaction, if an amount box does not require an entry, leave it blank.

a.
b.
c.
d.
e.
f.
g.
h.
i.