Seth Feye established Reliance Financial Services on July 1, 2012. Reliance Financial Services offers financial planning advice to its clients. The effect of each transaction and the balances after each transaction for July follow Assets Liabilities Accounts Accounts Common Stockholders' Equity Fees Salaries Rent Auto Supplies: Misc Cash Receivable Supplies Payable Stock -Dividends Earned Expense Expense Expense Expense Expense a +55,000 +55,000 b +7,400 +7,400 Bal 55,000 7,400 7,400 55,000 C 3.4001 -3,400 Bal 51,600 7,400 4,000 55,000 d103.000 +103.000 Bal 154,600 7,400 4,000 55,000 103,000 33,400 33.400 Bal 121.200 7.400 4.000 55.000 103,000 33,400 1-20.900 -15.000 -5.900 Bal 100,300 7,400 4,000 55,000 103.000 33.400 15,000 5.900 g 57.000 -57,000 Bal 43.300 7,400 4,000 55,000 103.000 -57,000 33,400 15,000 -5.900 F -3.500 3,500 Bal 43,300 3.900 4,000 55.000 +50,300 103.000 -57,000 +50.300 33,400 -15,000 3.500 -5,900 Bal 43.300 50,300 3.900 4,000 56,000 153,300 -$7,000 33.400 -15,000 3.500 -5.900