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Show Me How Transactions On June 1 of the current year, Chad Wilson established a business to manage rental property. He completed the following transactions

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Show Me How Transactions On June 1 of the current year, Chad Wilson established a business to manage rental property. He completed the following transactions during June: a. Opened a business bank account with a deposit of $30,000 from personal funds b. Purchased office supplies on account, $1,800. c. Recelved cash from fees earned for managing rental property, $10,000 d. Paid rent on office and equipment for the month, $4,500. e. Paid creditors on account, $1,250. t. Billed customers for fees earned for managing rental property, $16,800 g. i. Determined that the cost of supplies on hand was $680; therefore, the cost of supplies used was s Paid automobile expenses induding rental charges) for the month, $750, and miscellaneous expenses, $980. h. Paid office salarnies, $4,000. 1,120 . Withdrew cash for personal use, $7,500. 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 For those bexes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) Liabilities Owner's Equity Chad + Wilson,Wilson, Capital Drawing Chad Fees Earned Salar ExpenseExper Rent Accounts Accounts + Supplies Payable Item Cash Receivable b. d. Check My Woek3 more Check My Wonx unes remaining. Submit Assi MacBook Air

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