Scenario:

In any given month, the following actions occur at Mystic Hills Real Estate.

Sales representatives receive client funds to be used when marketing properties for sale or lease

Property managers receive option fees

The agency receives rent for the properties it manages

Sales representatives receive deposits for the sale of property

Property managers need to pay for repairs and maintenance

Clients with deposits over $20,000 request that they are placed in interest bearing trust accounts

The bank account is reconciled at the end of the month

Question:

List five transactions in and out of the trust accounts which occur at Mystic Hills Real Estate on a monthly basis. Then record the staff members responsible in each instance.