mapter 2 Homework eBook My Home v2.cengagenow.com CengageNOWV2 | Online... Show Me How Print Item Transactions On June 1 of the current year, Chris Bates established a business to manage rental pr a. Opened a business bank account with a deposit of $45,000 in exchange for commo b. Purchased office supplies on account, $3,090. c. Received cash from fees eamed for managing rental property, $8,560. d. Paid rent on office and equipment for the month, $3,790. e. Paid creditors on account, $1,400. f. Billed customers for fees earned for managing rental property, $7,020. 9. Paid automobile expenses for month, $840, and miscellaneous expenses, $420. h. Paid office salaries, $2,670. 1. Determined that the cost of supplies on hand was $1,830; therefore, the cost of sup J. Paid dividends, $2,530. Required: 1. Indicate the effect of each transaction and the balances after each transaction: If an amount box does not require an entry, leave it blank. For those boxes in which you must enter subtractive or negative numbers use a minus sa Assets Liabilities + Accounts Accounts Common Item Cash +Receivable + Supplies Payable + Stock a b. Bal C Bal d. Bal. Check My Work a All work saved