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On June 1 of the current year, Chris Bates established a business to manage rental property. The following transactions were completed during June: a .
On June of the current year, Chris Bates established a business to manage rental property. The following transactions were completed during June:
a Opened a business bank account with a deposit of $ in exchange for common stock.
b Purchased office supplies on account, $
c Received cash from fees earned for managing rental property, $
d Paid rent on office and equipment for the month, $
e Paid creditors on account, $
f Billed customers for fees earned for managing rental property, $
g Paid automobile expenses for month, $ and miscellaneous expenses, $
h Paid office salaries, $
i Determined that the cost of supplies on hand was $; therefore, the cost of supplies used was $
j Paid dividends, $
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