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6 . TT Tour rapide Imprimer Rechercher Annotations Accessibilit Fever On June 1 of the current year, Pamela Schatz established a business to manage rental property. She completed the following transactions during June a Opened a business bank account with a deposit of $55,000 from personal funds b. Purchased office supplies on account, $3,300 c Received cash from fees eamed for managing rental property, $18,300 d Paid rent on office and equipment for the month, 58,300. e Paid creditors on account, $2,290. 1 Billed customers for fees earned for managing rental property, $30,800. a Paid automobile expenses (including rental charges) for the month, 51,380, and miscellaneous expenses $1.800. n Paid office salaries, $7,300. eTextbook: Accounting a Tra Tour rapide imprimer Rechercher Annotations Accessibilice Feve 9 Paid automobile expenses (including rental charges) for the month $1,380, and miscellaneous expenses. $1,800 h. Paid office salaries $7,300, Determined that the cost of supplies on hand was $1,250; therefore, the cost of supplies used was $2,050 Withdrew cash for personal use, $13,800 INSTRUCTIONS 1. Indicate the effect of each transaction and the balances after each transaction, using the following tabular headings: Reco Owners ---- 2 Briefly explain why the owner's Investment and revenues increased owner's equity while withdrawals and expenses decreased owner's equity. 3 Determine the net income for June 4 How much did June's transactions increase or decrease Pamela Schatz's capital