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, $$3,470.$

c$.$ Received cash from fees earned for managing rental property, $$9,870.$

d$.$ Paid rent on office and equipment for the month, $$4,270.$

e$.$ Paid creditors on account, $$1,580.$

f$.$ Billed customers for fees earned for managing rental property, $$7,900.$

g$.$ Paid automobile expenses $($including rental charges$)$ for the month, $$950,$ and miscellaneous expenses, $$470.$

h$.$ Paid office salaries, $$3,000.$

i$.$ Determined that the cost of supplies on hand was $$2,050$; therefore, the cost of supplies used was $$1,420.$

j$.$ Withdrew cash for personal use, $$2,840.$

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: $-300)$