Trans Deset or the current year. Pormele Schatz beste mot rental proto, the completed the transaction dung dne Odbor with a decent 526.000 personal Purchased molest, 12.05 Recent cash from fees are for mange 5.20 crunt once and come for the month $2.53 Pretors on account, 1960 the customers and format 14.00 moduhe) for the month ces perses $200 fieca, Determined that the sono $1,220th, the cost etwolesed #3840 Widewa 19 1. In the ect of each code to an For those which are the bestand to the ch you must remembers wh300) Art Account Account Cash Receive . Supplies Payable Owner's Rent Pamela Schat Capital Pamela Schat Drawing . Earned D Bal Bal Bal fal d Hal 0 nal Dal 1 2. Owners equity is the night of owners to the assets of the business. There are Cty owner's investments and revers and by owner withdrawals and 3. Determine the forume 4. June's action (-1increased or decreased Pimela Schats capital to 10 Previous Next > Transactions 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 $26,000 from personal funds. b. Purchased office supplies on account, $2,060 c. Received cash from fees earned for managing rental property, $5,720 d. Paid rent on office and equipment for the month, $2,530 e. Pald creditors on account, $940. 1. Billed customers for fees earned for managing rental property, $4,690. 9. Pald automobile expenses (including rental charges) for the month, $560, and miscellaneous expenses, $280. h. Paid office salaries, $1,780. L. Determined that the cost of supplies on hand was $1,220; therefore, the cost of supplies used was $840. J. Withdrew cash for personal use, $1,690. 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 blank For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) Liabilities Assets Accounts Receivable Accounts Payable Pamela Schatz, Capital Item Cash Pamela Schatz, Drawing + + Supplies + 1 eet of schrection and then chration For those in wintis reed, love the For the homes in which you must enter the regte menm01 Asses Accounts Acco Item Cash Receivable . Supplies Payable Owners + Pamela Schata, Capital Pamela Schat, Drawing Fees Earned Rent Expense Bal E Bal 1 Bal al Ned BAL 2. Owner's equity is the night of owners to the art of the bus. These intre by or with and 3. Determine the net income for Jane 4. June's transactions increased or decreased am Schats contato Previous No
