mal Entries and The Balance On August 1, 2017, Rafael Masry established Panet Resty, which compreted the flowing transactions during the month Rafael Masry transferred cash them a personal bank account to an account to be used for the business in exchange for Common Stock, $31,000. Purchased supplies en account, $1,650 Earned sales commissions, receiving cash, $25,420 4. Paid rent on omce and equipment for the month, $5,590 Pid creator on account, $510. Paid dividends, $1,500 Paid memeble expenses (including rental charge) fie menth, $1,550, and miscelaneous expenses, $1040 h. Paid office selene, $3,250 1 Determined that the cost of supplies u for transactions (a) through (using the towing scant tities Cash, Suppes, Accounts Pyate, Common Stock, Dividends, Sees Comms, et Expense, Office Salaries Expena, Automobile Expense Supp Expense, Miscelaneous Expense. If an amount box does not require an entry, a 2. Prepare accounts, using the account ties in (1) Pest (in chronological order) the journal entries to these ants, selecting the appropriate letter to the left of each amount tantify the transactare Determine the account beca posing complete Accounts containing only a single entry do not need a lence Bal Cash Accounts Payable Accounts Payable Common Stock Dividends Sales Commissions Rent Expense Office Salaries Expense Automobile Expense Supplies Expense Supplies Expense 3. Prepare an unezjuta August 31, 2017 accounts in the drafts, Lots, dequity, Revenues, and Expenses. Further boxes in which entry que, ave the box b Planet Realty Unadjusted Trial Balance August 31, 3017 Debit Balances Credit Balances 4. Detime the hig Amount of total revenus recorded in the wor Planet Realty Unadjusted Trial Balance August 31, 2017 Debit Balances Credit Balances 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 August