Obj. 1, 2, 3, 4 V4. C. $4,5s0 On August 1, 2018, Rafadl Masey established Planet Realty, which completed the following PR 2-2B Journal entries and trial balance transactions during the month A Rafael Masey transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $17,500. HWMEHOW TEMLATE B. Purchased supplies on account, $2,300 C Earned sales commissions, receiving cash, $13,300. D. Pald rent on office and equipment for the month, $3,000. E Pald creditor on account, $1,150. F. AENERAL LEac Paid dvidends, $1,800. G. Paid automobile expenses (indluding rental charge) for month, $1,500, and miscellaneous expenses, 5400. H. Pald office salaries, $2,800 L. Determined that the cost of supplies used was $1,0so 1. Journalize entries for transactions (A) through D, using the following account titles: Cash Supplies, Accounts Payable, Common Stock, Dividends, Sales Commissions, Rent Expense, Office Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense. Journal entry explanations may be omitted. Prepare placing the appropriate letter to the left of each amount to identify the transactions. Deter- mine the account balances, after all posting is complete. Accounts containing only a single entry do not need a balance. 2. accounts, using the account titles in (1). Post the journal entries to these accounts, 3. Prepare an unadjusted trial balance as of August 31, 2018 i. Determine the following: A. Amount of total revenue recorded in the ledger B. Amount of total expenses C Amount of net income for August. 5. Determine the increase or decrease in retained earnings for August