On September 1 of the current year, Joy Tucker established a business to manage rental property She completed the following transactions during September Opened a business bank account with a deposit of $37,000 in exchange for common stock Purchased office supplies on account, $3,480 Received cash from fees earned for managing rental property, $9,650 Paid rent on office and equipment for the month, $4,270 Paid creditors on account, $1,580 Billed customers for fees earned for managing rental property, $7,910 Paid automobile expenses for month, $950, and miscellaneous expenses, $470 Paid office salaries, $3,010 Determined that the cost of supplies on hand was $2,060 therefore, the cost of supplies used was $1,420 Paid dividends $2,850 Assets Liabilities Stockh Item Cash Supplies Dividends Rent Accounts Receivable Accounts Payable Common Stock Fees Earned Expense a b Bal Bal d Bal e Bal f Bal g Bal h Bal i Bal j Bal Assets Liabilities Stockh Item Cash Supplies Dividends Rent Accounts Receivable Accounts Payable Common Stock Fees Earned Expense a b Bal Bal d Bal e Bal f Bal g Bal h Bal i Bal j Bal

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Posted on Jul 31, 2024

On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the following transactions during September: Opened a

On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the following transactions during September:

Opened a business bank account with a deposit of $37,000 in exchange for common stock.
Purchased office supplies on account, $3,480.
Received cash from fees earned for managing rental property, $9,650.
Paid rent on office and equipment for the month, $4,270.
Paid creditors on account, $1,580.
Billed customers for fees earned for managing rental property, $7,910.
Paid automobile expenses for month, $950, and miscellaneous expenses, $470.
Paid office salaries, $3,010.
Determined that the cost of supplies on hand was $2,060; therefore, the cost of supplies used was $1,420.
Paid dividends $2,850.

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Assets = Liabilities + Stockh Item Cash + + Supplies + Dividends + Rent Accounts Receivable Accounts Payable Common Stock Fees Earned Expense a. b. Bal. Bal. d. Bal. e. Bal. f. Bal. g. Bal. h. Bal. i. Bal. j. Bal. Assets = Liabilities + Stockh Item Cash + + Supplies + Dividends + Rent Accounts Receivable Accounts Payable Common Stock Fees Earned Expense a. b. Bal. Bal. d. Bal. e. Bal. f. Bal. g. Bal. h. Bal. i. Bal. j. Bal