On June $1$ 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 $$33,000$ in exchange for common stock.

b$.$ Purchased office supplies on account, $$3,590.$

c$.$ Received cash from fees earned for managing rental property, $$9,830.$

d$.$ Paid rent on office and equipment for the month, $$4,410.$

e$.$ Paid creditors on account, $$1,630.$

f$.$ Billed customers for fees earned for managing rental property, $$8,160.$

g$.$ Paid automobile expenses for month, $$980,$ and miscellaneous expenses, $$490.$

h$.$ Paid office salaries, $$3,100.$

i$.$ Determined that the cost of supplies on hand was $$2,120$; therefore, the cost of supplies used was $$1,470.$

j$.$ Paid dividends, $$2,940.$

Required:

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: $-300)$