Transactions On June 1 of the current year, Pamela Schatz established a business to manage rental property. She completed the following transactions during June: Opened a business bank account with a deposit of $55,000 from personal funds. Purchased office supplies on account, $3,300. Received cash from fees earned for managing rental property, $18,300. Paid rent on office and equipment for the month, $8,300. Paid creditors on account, $2,290. Billed customers for fees earned for managing rental property, $30,800. Paid automobile expenses (including rental charges) for the month, $1,380, and miscellaneous expenses, $1,800. Paid office salaries, $7,300. Determined that the cost of supplies on hand was $1,250; therefore, the cost of supplies used was $2,050. Withdrew cash for personal use, $13,800. 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) Assets = Liabilities + Owner's Equity Item Cash + Accounts Receivable + Supplies = Accounts Payable + Pamela Schatz, Capital - Pamela Schatz, Drawing + Fees Earned - Rent Expense - Salaries Expense - Supplies Expense - Auto Expense - Misc. Expense a. fill in the blank 1 55,000 fill in the blank 2 fill in the blank 3 fill in the blank 4 fill in the blank 5 55,000 fill in the blank 6 fill in the blank 7 fill in the blank 8 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 b. fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 Bal. fill in the blank 25 fill in the blank 26 fill in the blank 27 3,300 fill in the blank 28 3,300 fill in the blank 29 fill in the blank 30 fill in the blank 31 fill in the blank 32 fill in the blank 33 fill in the blank 34 fill in the blank 35 fill in the blank 36 c. fill in the blank 37 18,300 fill in the blank 38 fill in the blank 39 fill in the blank 40 fill in the blank 41 fill in the blank 42 fill in the blank 43 18,300 fill in the blank 44 fill in the blank 45 fill in the blank 46 fill in the blank 47 fill in the blank 48 Bal. fill in the blank 49 fill in the blank 50 fill in the blank 51 fill in the blank 52 fill in the blank 53 fill in the blank 54 fill in the blank 55 fill in the blank 56 fill in the blank 57 fill in the blank 58 fill in the blank 59 fill in the blank 60 d. fill in the blank 61 -8,300 fill in the blank 62 fill in the blank 63 fill in the blank 64 fill in the blank 65 fill in the blank 66 fill in the blank 67 fill in the blank 68 -8,300 fill in the blank 69 fill in the blank 70 fill in the blank 71 fill in the blank 72 Bal. fill in the blank 73 fill in the blank 74 fill in the blank 75 fill in the blank 76 fill in the blank 77 fill in the blank 78 fill in the blank 79 fill in the blank 80 fill in the blank 81 fill in the blank 82 fill in the blank 83 fill in the blank 84 e. fill in the blank 85 -2,290 fill in the blank 86 fill in the blank 87 fill in the blank 88 -2,290 fill in the blank 89 fill in the blank 90 fill in the blank 91 fill in the blank 92 fill in the blank 93 fill in the blank 94 fill in the blank 95 fill in the blank 96 Bal. fill in the blank 97 fill in the blank 98 fill in the blank 99 fill in the blank 100 fill in the blank 101 fill in the blank 102 fill in the blank 103 fill in the blank 104 fill in the blank 105 fill in the blank 106 fill in the blank 107 fill in the blank 108 f. fill in the blank 109 fill in the blank 110 30,800 fill in the blank 111 fill in the blank 112 fill in the blank 113 fill in the blank 114 fill in the blank 115 30,800 fill in the blank 116 fill in the blank 117 fill in the blank 118 fill in the blank 119 fill in the blank 120 Bal. fill in the blank 121 fill in the blank 122 fill in the blank 123 fill in the blank 124 fill in the blank 125 fill in the blank 126 fill in the blank 127 fill in the blank 128 fill in the blank 129 fill in the blank 130 fill in the blank 131 fill in the blank 132 g. fill in the blank 133 -3,180 fill in the blank 134 fill in the blank 135 fill in the blank 136 fill in the blank 137 fill in the blank 138 fill in the blank 139 fill in the blank 140 fill in the blank 141 fill in the blank 142 fill in the blank 143 fill in the blank 144 Bal. fill in the blank 145 fill in the blank 146 fill in the blank 147 fill in the blank 148 fill in the blank 149 fill in the blank 150 fill in the blank 151 fill in the blank 152 fill in the blank 153 fill in the blank 154 fill in the blank 155 fill in the blank 156 h. fill in the blank 157 -7,300 fill in the blank 158 fill in the blank 159 fill in the blank 160 fill in the blank 161 fill in the blank 162 fill in the blank 163 fill in the blank 164 fill in the blank 165 fill in the blank 166 fill in the blank 167 fill in the blank 168 Bal. fill in the blank 169 fill in the blank 170 fill in the blank 171 fill in the blank 172 fill in the blank 173 fill in the blank 174 fill in the blank 175 fill in the blank 176 fill in the blank 177 fill in the blank 178 fill in the blank 179 fill in the blank 180 i. fill in the blank 181 fill in the blank 182 fill in the blank 183 -2,050 fill in the blank 184 fill in the blank 185 fill in the blank 186 fill in the blank 187 fill in the blank 188 fill in the blank 189 fill in the blank 190 fill in the blank 191 fill in the blank 192 Bal. fill in the blank 193 fill in the blank 194 fill in the blank 195 fill in the blank 196 fill in the blank 197 fill in the blank 198 fill in the blank 199 fill in the blank 200 fill in the blank 201 fill in the blank 202 fill in the blank 203 fill in the blank 204 j. fill in the blank 205 -13,800 fill in the blank 206 fill in the blank 207 fill in the blank 208 fill in the blank 209 fill in the blank 210 -13,800 fill in the blank 211 fill in the blank 212 fill in the blank 213 fill in the blank 214 fill in the blank 215 fill in the blank 216 Bal. fill in the blank 217 38,430 fill in the blank 218 30,800 fill in the blank 219 1,250 fill in the blank 220 1,010 fill in the blank 221 55,000 fill in the blank 222 -13,800 fill in the blank 223 49,100 fill in the blank 224 -8,300 fill in the blank 225 fill in the blank 226 fill in the blank 227 fill in the blank 228 2. Owner's equity is the right of owners to the assets of the business. These rights are increased by owner's investments and revenues and decreased by owner's withdrawals and expenses. 3. Determine the net income for June. $fill in the blank 231 28,270 4. June's transactions (a-j) increased or decreased Pamela Schatzs capital to? Increased to $fill in the blank 233

Transactions On June 1 of the current year, Pamela Schatz established a business to manage rental property. She completed the fol a. Opened a business bank account with a deposit of $55,000 from personal funds. b. Purchased office supplies on account, $3,300. c. Received cash from fees earned for managing rental property, $18,300. d. Paid rent on office and equipment for the month, $8,300. e. Paid creditors on account, $2,290. f. Billed customers for fees earned for managing rental property, $30,800. g. Paid automobile expenses (including rental charges) for the month, $1,380, and miscellaneous expenses, $1,800. h. Paid office salaries, $7,300. i. Determined that the cost of supplies on hand was $1,250; therefore, the cost of supplies used was $2,050. j. Withdrew cash for personal use, $13,800. 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) 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 $55,000 from personal funds. b. Purchased office supplies on account, $3,300. c. Received cash from fees earned for managing rental property, $18,300. d. Paid rent on office and equipment for the month, $8,300. e. Paid creditors on account, $2,290. f. Billed customers for fees earned for managing rental property, $30,800. g. Paid automobile expenses (including rental charges) for the month, $1,380, and miscellaneous expenses, $1,800. h. Paid office salaries, $7,300. i. Determined that the cost of supplies on hand was $1,250; therefore, the cost of supplies used was $2,050. j. Withdrew cash for personal use, $13,800. 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) Assets Liabilities 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 $55,000 from personal funds. b. Purchased office supplies on account, $3,300. c. Received cash from fees earned for managing rental property, $18,300. d. Paid rent on office and equipment for the month, $8,300. e. Paid creditors on account, $2,290. f. Billed customers for fees earned for managing rental property, $30,800. g. Paid automobile expenses (including rental charges) for the month, $1,380, and miscellaneous expenses, $1,800. h. Paid office salaries, $7,300. i. Determined that the cost of supplies on hand was $1,250; therefore, the cost of supplies used was $2,050. j. Withdrew cash for personal use, $13,800. 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) Assets Liabilities 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 minus sign. (Example: -300) Assets Liabilities + Accounts Accounts Payable Item Cash + Receivable + Supplies + 55,000 3,300 3,300 Accounting numeric field a. b. Bal. C. 18,3UU Pamela Schatz, Capital 55,000 Pamela Schatz, + Drawing d. -8,300 Bal. e. -2,290 -2,290 Bal. f. Bal. g. -3,180 Bal. h. -7,300 Bal. i. -2,050 Bal. j. -13,800 38,430 Bal. 30,800 1,250 1,010 2. Owner's equity is the right of owners to the assets of the business. These rights are increased decreased by owner's withdrawals and expenses. 3. Determine the net income for June. 30,800 -13,800 55,000 -13,800 by owner's investments and revenues and f. Bal. 9. Bal. h. Bal. i. Bal. 30,800 j. -3,180 -7,300 -2,050 -13,800 Bal. 38,430 30,800 1,250 1,010 2. Owner's equity is the right of owners to the assets of the business. These rights are increased decreased by owner's withdrawals and expenses. 3. Determine the net income for June. 28,270 4. June's transactions (a-j) increased or decreased Pamela Schatz's capital to? Increased to $ 0000000 -13,800 -13,800 55,000 by owner's investments and revenues and Pamela Schatz, Drawing Fees Earned 18,300 30,800 Rent Expense -8,300 Salaries Expense 10000 Supplies Expense Auto Expense Indhol Accounting numeric field -13,800 -13,800 and revenues and 18,300 30,800 49,100 -8,300 cod -8,300