On September 1 of the current year, Joy Tucker established a business to manage rental property She completed the following transactions during Septeiber a opened a bi.siness hank account with a deposit af S50,000 in exchange for comman stock. b. Purchased cffice supplies on account, $2,660. c. Recelved cash from fees earned for managing rental property, $7290. d Paid rent on office and equipment fer the month, $3,270. e. Paid crediters an account, $1210. f. Billed customers for fees earned for managing rental property, 6,050. g Paid automobile expenses for month, $730, and miacel aneous expenses, 360. h Paid office salaries, $2,310. i Deterined that the cost of supp es an hand was $,570, therefore, the cot of supplies used was $1,090 Paid dividerds 21. Required: 1. Indicate the effect of each transactin and the balancas 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 megative numbers use a minus sign. (Example-300) Assets Accounts Receivable : Liabilities + Stockholders Equity Accounts Common Fees Rent Sal. Supp. Auto Misc. Item Cash+ + Supplies - Dividends+ Item Payable Stock Eamed Expense Expense Expense Expense Expense Bal. Ba Ba Ba Bal Bal. Bal. 2. Stockholders'equity is the right of stockhclders to the assets of the business. These rights are revenues and ay issuances of capital stock and by dividends and expenses. 3. Detemine the net income for September. 4. How much did September's transacions (a-) increase or decrease retained earnings