owv2 Onli xG If total assets decrease x akeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take&inprogress false Calculator Transactions On June 1 of the current year, Maria Esall established a business to manage rental property. She completed the following transactions during June a. Opened a business bank account with a deposit of $39,000 in exchange for capital stock. b. Purchased office supplies on account, $2,080. c. Received cash from fees earned for managing rental property, $5,830 d. Paid rent on office and equipment for the month, $2,550. e. Paid creditors on account, $940 f. Billed customers for fees earned for managing rental property, $4,720 g. Paid automobile expenses for month, $570, and miscellaneous expenses, $280. h. Paid office salaries, $1,790. i. Determined that the cost of supplies on hand was $1,230; therefore, the cost of supplies used was $850. j. Paid dividends $1,700 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) Assets Liabilities Stockholders' Equity Fees CapitalDividends Earned Sal. Expense Rent Item Cash Receivable SuppliesAccounts Stock a. b. Bal