ransactions On June 1 of the current year, Pamela Schatz established a business to manage rental...

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ransactions 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 $35,000 from personal funds b. Purchased office supplies on account, $3,320. Received cash from fees earned for managing rental property 50,970 d. Paid rent on office and equipment for the month, $4,070. Paid creditors on account, $1,510, 1. Billed customers for fees earned for managing rental property, $7,530. Paid automobile expenses Oncoding rental charges) for the month, $900, and miscellaneous expenses, $450. h. Paid office salaries, $2,500 1. Determined that the cast of supplies on hand was $1,960; therefore, the cost of supplies und was $1,300 J. Withdrew cash for personal use, $2,710. Required: 1. Indicate the effect of each transaction and the balances after each transaction for those bores 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 Accounts Labilities Owner's Equity Cash Receivable Supplies Accounts Payable Pamela Schatz, Capital Pamela Schatz, Drawing Fees Earned Rent Salaries Supplie Expense Expense al. ransactions 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 $35,000 from personal funds b. Purchased office supplies on account, $3,320. Received cash from fees earned for managing rental property 50,970 d. Paid rent on office and equipment for the month, $4,070. Paid creditors on account, $1,510, 1. Billed customers for fees earned for managing rental property, $7,530. Paid automobile expenses Oncoding rental charges) for the month, $900, and miscellaneous expenses, $450. h. Paid office salaries, $2,500 1. Determined that the cast of supplies on hand was $1,960; therefore, the cost of supplies und was $1,300 J. Withdrew cash for personal use, $2,710. Required: 1. Indicate the effect of each transaction and the balances after each transaction for those bores 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 Accounts Labilities Owner's Equity Cash Receivable Supplies Accounts Payable Pamela Schatz, Capital Pamela Schatz, Drawing Fees Earned Rent Salaries Supplie Expense Expense al.