Transactions On April 1 of the current you, Morgan Jones established a business to manage rental property. She completed the following transactions during April Opened a business bank account with a deposit of $37.000 in exchange for common stock. b Purchased office supplies on account, $2,100. c. Received cash from fees canned for managing rental property, 15,800 d. Pald rent on office and equipment for the month, $2,570 e Pall creditors on a $950. tied customers for fees earned for managing rental property, 44,760. 9. Pald automobile expenses for month, $570, and miscellaneous expenses, 1:200. Pald office salaries, $1,010 L Determined that the cost of supplies on hand was $1.240; therefore, the cost of supplies used was $660 Pald dividends, $1,710. Required: 1. Indicate the effect of each transaction and the balances after och transaction: For those bees in which no entry is required, leave the box blank. For those bones in which you must enter subtractive or negative numbers use a mission. (Bample:-300) Assets - Liabilities Stockholders' Equity Accounts Item Cash Accounts Common Fees Rent Sal, Supp Auto Supplies - Receivable Misc. - Dividends + Payable Stock Item EarnedExpense Expense Expense Expense pense Bat c d. Bal Bat Bal. Bal Bal L Bal Bal 2. Stockholders' equity is the right of stockholders (owners) to the assets of the business. These rights are by dividends and expenses 3. Determine the net income for April $ by suing common stock and revenues and 4. How much did Aprif's transactions increase or decrease stockholders' equity? by