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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 $34,000 in exchange for common stock. Purchased supplies on account, $3,450. Paid creditor on account, $2,180. Earned sales commissions, receiving cash, $35,160. Paid rent on office and equipment for the month, $6,890. Paid dividends, $11,000. Paid automobile expenses for month, $3,310, and miscellaneous expenses, $1,580. Paid office salaries, $4,150. Determined that the cost of supplies on hand was $1,160; therefore, the cost of supplies used was $2,290.

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