On June 1 of the current year, Chris Bates established a business to manage rental property. The following transactions were completed during June: Opened a business bank account with a deposit of $35,000 in exchange for common stock. Purchased office supplies on account, $1,780. Received cash from fees earned for managing rental property, $5,040. Paid rent on office and equipment for the month, $2,180. Paid creditors on account, $810. Billed customers for fees earned for managing rental property, $4,030. Paid automobile expenses for month, $480, and miscellaneous expenses, $240. Paid office salaries, $1,530. Determined that the cost of supplies on hand was $1,050; therefore, the cost of supplies used was $730. Paid dividends, $1,450