On June 1 of the current year, Pamela Schatz established a business to manage rental property. She completed the following transactions during June: a. Opened a business bank account with a deposit of $25,000 from personal funds. b. Purchased office supplies on account, $3,270. c. Received cash from fees earned for managing rental property, $9,180. d. Paid rent on office and equipment for the month, $4,020. e. Paid creditors on account, $1,490. f. Billed customers for fees earned for managing rental property, $7,440. g. Paid automobile expenses (including rental charges) for the month, $890, and miscellaneous expenses, $450. h. Paid office salaries, $2,830. i. Determined that the cost of supplies on hand was $1,930; therefore, the cost of supplies used was $1,340. j. Withdrew cash for personal use, $2,680. Required: 1. Indicate the effect of each transaction and the balances after each transaction: For those boxes in which no entry is required, leave the box blank. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300 )