Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the following transactions during September: a. Opened a business bank account with a deposit of $36,000 in exchange for common stock. b. Purchased office supplies on account, $1,800. c. Received cash from fees earned for managing rental property, $6,750. d. Paid rent on office and equipment for the month, $5,000. e. Paid creditors on account, $1,375. f. Billed customers for fees earned for managing rental property, $9,500. g. Paid automobile expenses for month, $840, and miscellaneous expenses, $960. h. Paid office salaries, $3,600. 1. Determined that the cost of supplies on hand was $350; therefore, the cost of supplies used was $1,450. J. Paid dividends, $3,000.