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On January 1, 2014, Carlton Myers established Vista Realty. Carlton com a. opened a business bank account with a deposit of $21,000 ia exchange for

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On January 1, 2014, Carlton Myers established Vista Realty. Carlton com a. opened a business bank account with a deposit of $21,000 ia exchange for capital stock. b. Purchased ofice supplies (pens, file folders, paper, etc.) on account, $2,1S0. c. Paid crediter on account, $1,360 d. Earned sales commissio e. Paid rent on office and equipment for the month, $4,310 t. Paid dividends, $7,000. o. Paid sutomobile h. Paid office salaries, $2,590 i. Determined that the cost of supplies on hand was $730; therefore, the cost of supplies used was s1,420 Required pleted the following transactions during the month of January les commissions, receiving cash, $21,970 expenses (including rental charge) for month, $2,070, and miscellaneous expenses, $990. . Indicate the effect of each transaction and the balances .ker each transaction. For those bores transaction and the baiances after each transaction. For those boxes in which no entry is required, leave the box blank. as negatn - Liabdities Cash Supplies Accounts Capital DividendsSales PeyableCapital Stock Stockholders Equity Rent Expense Salaries Auto Supplies Miscellaneous Payable Cemmissions Expense Bal. Bal. bal. nal. Dal, tal

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