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 $$32,000$ in exchange for common stock.

Purchased office supplies on account, $$3,280.$

Received cash from fees earned for managing rental property, $$9,220.$

Paid rent on office and equipment for the month, $$4,030.$

Paid creditors on account, $$1,490.$

Billed customers for fees earned for managing rental property, $$7,470.$

Paid automobile expenses for month, $$900,$ and miscellaneous expenses, $$450.$

Paid office salaries, $$2,840.$

Determined that the cost of supplies on hand was $$1,940$; therefore, the cost of supplies used was $$1,340.$

Paid dividends, $$2,690.$

Required:

$1.$ Indicate the effect of each transaction and the balances after each transaction:

If an amount box does not require an entry, leave it blank.

For those boxes in which you must enter subtractive or negative numbers use a minus sign. $($Example: $-300)$

Assets $=$ Liabilities $+$ Stockholders' Equity

Item Cash $+$ Accounts Receivable $+$ Supplies $=$ Accounts Payable $+$ Common Stock $-$ Dividends $+$ Fees Earned $-$ Rent Expense $-$ Salaries

Expense $-$ Supplies

Expense $-$ Auto Expense $-$ Miscellaneous

Expense Item

a$.$ fill in the blank $1$

$+$ fill in the blank $2$

$+$ fill in the blank $3$

$=$ fill in the blank $4$

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$-$ fill in the blank $6$

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$-$ fill in the blank $12$

a$.$

b$.$ fill in the blank $13$

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$=$ fill in the blank $16$

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$-$ fill in the blank $24$

b$.$

Bal. fill in the blank $25$

$+$ fill in the blank $26$

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$=$ fill in the blank $28$

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$-$ fill in the blank $36$

Bal.

c$.$ fill in the blank $37$

$+$ fill in the blank $38$

$+$ fill in the blank $39$

$=$ fill in the blank $40$

$+$ fill in the blank $41$

$-$ fill in the blank $42$

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$-$ fill in the blank $47$

$-$ fill in the blank $48$

c$.$

Bal. fill in the blank $49$

$+$ fill in the blank $50$

$+$ fill in the blank $51$

$=$ fill in the blank $52$

$+$ fill in the blank $53$

$-$ fill in the blank $54$

$+$ fill in the blank $55$

$-$ fill in the blank $56$

$-$ fill in the blank $57$

$-$ fill in the blank $58$

$-$ fill in the blank $59$

$-$ fill in the blank $60$

Bal.

d$.$ fill in the blank $61$

$+$ fill in the blank $62$

$+$ fill in the blank $63$

$=$ fill in the blank $64$

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$+$ fill in the blank $67$

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$-$ fill in the blank $70$

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$-$ fill in the blank $72$

d$.$

Bal. fill in the blank $73$

$+$ fill in the blank $74$

$+$ fill in the blank $75$

$=$ fill in the blank $76$

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$-$ fill in the blank $78$

$+$ fill in the blank $79$

$-$ fill in the blank $80$

$-$ fill in the blank $81$

$-$ fill in the blank $82$

$-$ fill in the blank $83$

$-$ fill in the blank $84$

Bal.

e$.$ fill in the blank $85$

$+$ fill in the blank $86$

$+$ fill in the blank $87$

$=$ fill in the blank $88$

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$-$ fill in the blank $90$

$+$ fill in the blank $91$

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$-$ fill in the blank $95$

$-$ fill in the blank $96$

e$.$

Bal. fill in the blank $97$

$+$ fill in the blank $98$

$+$ fill in the blank $99$

$=$ fill in the blank $100$

$+$ fill in the blank $101$

$-$ fill in the blank $102$

$+$ fill in the blank $103$

$-$ fill in the blank $104$

$-$ fill in the blank $105$

$-$ fill in the blank $106$

$-$ fill in the blank $107$

$-$ fill in the blank $108$

Bal.

f$.$ fill in the blank $109$

$+$ fill in the blank $110$

$+$ fill in the blank $111$

$=$ fill in the blank $112$

$+$ fill in the blank $113$

$-$ fill in the blank $114$

$+$ fill in the blank $115$

$-$ fill in the blank $116$

$-$ fill in the blank $117$

$-$ fill in the blank $118$

$-$ fill in the blank $119$

$-$ fill in the blank $120$

f$.$

Bal. fill in the blank $121$

$+$ fill in the blank $122$

$+$ fill in the blank $123$

$=$ fill in the blank $124$

$+$ fill in the blank $125$

$-$ fill in the blank $126$

$+$ fill in the blank $127$

$-$ fill in the blank $128$

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$-$ fill in the blank $130$

$-$ fill in the blank $131$

$-$ fill in the blank $132$

Bal.

g$.$ fill in the blank $133$

$+$ fill in the blank $134$

$+$ fill in the blank $135$

$=$ fill in the blank $136$

$+$ fill in the blank $137$

$-$ fill in the blank $138$

$+$ fill in the blank $139$

$-$ fill in the blank $140$

$-$ fill in the blank $141$

$-$ fill in the blank $142$

$-$ fill in the