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oblem eBook Journal Entries and Trial Balance On August 1, 20Y5, Rafael Masey established Planet Realty, which completed the following transactions during the month: a.
oblem eBook Journal Entries and Trial Balance On August 1, 20Y5, Rafael Masey established Planet Realty, which completed the following transactions during the month: a. Rafael Masey transferred cash from a personal bank account to an account to be used for the business, $17,500. b. Purchased supplies on account, $2,300. c. Earned fees, receiving cash, $13,300. d. Paid rent on office and equipment for the month, $3,000. e. Paid creditor on account, $1,150. f. Withdrew cash for personal use, $1,800. Show Me How g. Paid automobile expenses (including rental charge) for month, $1,500, and miscellaneous expenses, $400. h. Paid office salaries, $2,800. i. Determined that the cost of supplies used was $1,050. Required: a. 1. Journalize entries for transactions (a) through (1), using the following account titles: Cash; Supplies; Accounts Payable; Rafael Masey, Capital; Rafael Masey, Drawing; Fees Earned; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. If an amount box does not require an entry, leave it blank. b. Print Item C. Check My Work 2 more Check My Work uses remaining. Email Instructor Save and Exit Submit Assignment for Grading
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