On April 1, 20Y8, Maria Adams established Custom Realty Maria completed the following transactions during the month of April Opened a business bank account with a deposit of $33,000 in exchange for common stock Purchased supplies on account, $3,320 Paid creditor on account, $2,100 Earned sales commissions, receiving cash, $33,920 Paid rent on office and equipment for the month, $6,650 Paid dividends, $11,000 Paid automobile expenses for month, $3,190, and miscellaneous expenses, $1,530 Paid office salaries, $4,000 Determined that the cost of supplies on hand was $1,120 therefore, the cost of supplies used was $2,200 Required Question Content Area 1 Indicate the effect of each transaction and the balances after each transaction For those boxes in which no entry is required, leave the box blank If required, enter negative values as negative numbers using a minus sign minus sign 2 Drenare an income ctatement far nril Prepare a statement of stockholders' equity for April If an amount is zero, enter 0 For those boxes in which you must enter subtracted or negative numbers use a minus sign Prepare a balance sheet as of April 30

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On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April: Opened a business bank account with

On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April:

Opened a business bank account with a deposit of $33,000 in exchange for common stock.
Purchased supplies on account, $3,320.
Paid creditor on account, $2,100.
Earned sales commissions, receiving cash, $33,920.
Paid rent on office and equipment for the month, $6,650.
Paid dividends, $11,000.
Paid automobile expenses for month, $3,190, and miscellaneous expenses, $1,530.
Paid office salaries, $4,000.
Determined that the cost of supplies on hand was $1,120; therefore, the cost of supplies used was $2,200.

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Question Content Area

1. Indicate the effect of each transaction and the balances after each transaction. For those boxes in which no entry is required, leave the box blank. If required, enter negative values as negative numbers using a minus sign. image text in transcribed

minus sign. 2 Drenare an income ctatement far nril Prepare a statement of stockholders' equity for April. If an amount is zero, enter "0". For those boxes in which you must enter subtracted or negative numbers use a minus sign. Prepare a balance sheet as of April 30