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On August 1, 2089, Brooke Kline established Western Realty. Brooke completed the following transactions during the month of August: a. Opened a business bank account with a deposit of $20,000 in exchange for common stock. b. Purchased office supplies on account, $1,850. c. Paid creditor on account, $1,150. d. Earned sales commissions, receiving cash, $43,000. e. Paid rent on office and equipment for the month, $2,900. f. Paid dividends, $3,100. g. Paid automobile expenses for month, $3,000, and miscellaneous expenses, $1,800. h. Paid office salaries, $3,900. i. Determined that the cost of supplies on hand was $850; therefore, the cost of supplies used was $1,000. Accounts Labels and Amount Descriptions Accounts Accounts payable Auto expense Cash Common stock Dividends Miscellaneous expense Rent expense Retained earnings Salaries expense 0. Sales commissions Supplies Supplies expense ng Labels db August 31. 2049 will Previous Accounts, Labels and Amount Descriptions X Labels August 31, 2019 Expenses For the Month Ended August 31, 2019 Amount Descriptions Balances, August 1, 2049 Balances, August 31, 2049 Issued common stock Net income Net loss Total assets 0. Total expenses Total liabilities and stockholders' equity ng Total stockholders' equity db will Ine Statement of Stockholders' Equity AC Score: 38/89 Western Realty In Statement of Stockholders' Equity (Label) Retained Common Stock Total 1 Earnings $0.00 $20,000.00 2 Balances, August 1, 2049 $20,000.00 2 0.00 3 Net income 33,300.00