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On August 1 , 2 0 Y 7 , Rafael Masey established Planet Realty, which completed the following transactions during the month: a . Rafael
On August Y 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, $
b Purchased supplies on account, $
c Earned sales commissions, receiving cash, $
d Paid rent on office and equipment for the month, $
e Paid creditor on account, $
f Paid cash to owner for personal use, $
i Determined that the cost of supplies used was $
and Miscellaneous Expense. If an amount box does not require an entry, leave it blank.
b Supglies
c
e
Automobile Expense
h
Accounts containing only a single entry do not need a balance.
Prepare an unadjusted trial balance as of August Y List all accounts in the order of Assets, Liabilities, Owner's equity, Revenues, and Expenses. If an amount box does not require an entry, leave it blank.
Planet Realty
Unadjusted Trial Balance August Y
Determine the following:
a Amount of total revenue recorded in the ledger.
b Amount of total expenses recorded in the ledger.
c Amount of net income for August.
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