On August 1, 20Y9, Brooke Kline established Western Realty. Brooke completed the following transactions during the month of August:

a.	Opened a business bank account with a deposit of $27,000 in exchange for common stock.
b.	Paid rent on office and equipment for the month, $3,400.
c.	Paid automobile expenses for month, $1,450, and miscellaneous expenses, $900.
d.	Purchased office supplies on account, $1,250.
e.	Earned sales commissions, receiving cash, $22,000.
f.	Paid creditor on account, $750.
g.	Paid office salaries, $2,700.
h.	Paid dividends, $3,100.
i.	Determined that the cost of supplies on hand was $500; therefore, the cost of supplies used was $750.

2. c. Prepare a balance sheet as of August 31. Refer to the list of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.

Western Realty Balance Sheet (Label) Assets Liabilities Stockholders' Equity