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Journal Entries and Trial Balance On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: a. Sharon Matthews
Journal Entries and Trial Balance On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: a. Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $18,000. b. Paid rent on office and equipment for the month, $3,290. C. Purchased supplies on account, $970. d. Paid creditor on account, $360. e. Earned fees, receiving cash, $14,940. f. Paid automobile expenses (including rental charge) for month, $910, and miscellaneous expenses, $610. g. Paid office salaries, $1,910. h. Determined that the cost of supplies used was $540. i. Withdrew cash for personal use, $880. Required: 1. Journalize entries for transactions (a) through (i) (in chronological order), using the following account titles: Cash; Supplies; Accounts Payable; Sharon Matthews, Capital; Sharon Matthews, Drawing; Fees Earned; 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. I III 110 ] d
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