On April 1 of the current year, Morgan Jones established a business to manage rental property. She completed the following transactions during April: a. Opened a business bank account with a deposit of $36,000 in exchange for common stock. b. Purchased office supplies on account, $2,770. c. Received cash from fees earned for managing rental property, $7,770. d. Paid rent on office and equipment for the month, $3,400. e. Paid creditors on account, $1,260. f. Billed customers for fees earned for managing rental property, $6,290. g. Paid automobile expenses for month, $750, and miscellaneous expenses, $380. h. Paid office salaries, $2,390. i. Determined that the cost of supplies on hand was $1,640; therefore, the cost of supplies used was $1,130. j. Paid dividends, $2,260