Transactions

On April $1$ of the current year, Morgan Jones established a business to manage rental property. She completed the following transactions during April:

a$.$ Opened a business bank account with a deposit of $$39,000$ in exchange for common stock.

b$.$ Purchased office supplies on account, $$3,620.$

c$.$ Received cash from fees earned for managing rental property, $$9,790.$

d$.$ Paid rent on office and equipment for the month, $$4,440.$

e$.$ Paid creditors on account, $$1,640.$

f$.$ Billed customers for fees earned for managing rental property, $$8,220.$

g$.$ Paid automobile expenses for month, $$990,$ and miscellaneous expenses, $$490.$

h$.$ Paid office salaries, $$3,120.$

i$.$ Determined that the cost of supplies on hand was $$2,140$; therefore, the cost of supplies used was $$1,480.$

j$.$ Paid dividends, $$2,960.$

Required:

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: $-300)$