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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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Journal fricrim and Thal balance On August 1, 20r5, Raloel Matey established planet Realty, which completed the folosing trantactions during the recete a. Rafael Maser transferred cash from a personar bark account to an account to be uted for the business, 517,nc0 b. Furchased supelies on artiount, 92,300 . c. Earned feus, receiving cash, 513,300 . d. Paid rent on elfice and equpment for the month, 33,000 e. Faid creditor on acceum, $1,150. 9. Paid autamobile expenses (induting rental tharge) for month, $1,500, and mitcelaneous expertet, 3400. h. Paid oftice salaries, 52,500 . L. Determined that the cost of supples used was $1,050. Requiredi blank. 2 more Check My Won uses remanyy 2 more Chech My Wod utes rertinive Aceounts Payable Rafael Masey, Capital Chect Wy Werk, 2 more Chesk Mr Wok whes mentaning 3. Frepare an whadfusted irial tratance as of August 31,20r3, If an ameunt bex dets not requine an entry, leave e bisnk. 2 more Ched th Weik uss remaning 4. Determine the forlowing: a. Amaunt of total revense recorged in the ledget. b. Amount of total expenses recorded in the ledger. c. Amount of net income for August. 5. Detecmine the increase or decreate in giwner equlty for Aogust

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