On June 1 of the current year, Chris Bates established a proprietorship to manage rental property. The following transactions were completed during June: Opened a business bank account with a deposit of $31,000 in the name of Bates Realty. Purchased office supplies on account, $2,050. Received cash from fees earned for managing rental property, $5,700. Paid rent on office and equipment for the month, $2,520. Paid creditors on account, $930. Billed customers for fees earned for managing rental property, $4,670. Paid automobile expenses for month, $560, and miscellaneous expenses, $280. Paid office salaries, $1,770. Determined that the cost of supplies on hand was $1,210; therefore, the cost of supplies used was $840. Withdrew cash for personal use, $1,680. R