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Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the following transactions during September: Opened
Transactions
On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the following transactions during September:
- Opened a business bank account with a deposit of $40,000 in exchange for common stock.
- Purchased office supplies on account, $2,930.
- Received cash from fees earned for managing rental property, $8,040.
- Paid rent on office and equipment for the month, $3,600.
- Paid creditors on account, $1,330.
- Billed customers for fees earned for managing rental property, $6,670.
- Paid automobile expenses for month, $800, and miscellaneous expenses, $400.
- Paid office salaries, $2,530.
- Determined that the cost of supplies on hand was $1,730; therefore, the cost of supplies used was $1,200.
- Paid dividends $2,400.
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)
Train On September of the currentes de ested in to meet the complete the following transition uring Set Donate to count with post of 140.000 exchange for common stock Purchase office suppen count, 63,930 tective cash from cared for managing property, $3,000 restonice and equipment for the month $3.600 Pald creators on account 52.330 Billed customers fortes carred for managing tal properts. 56,670 Paid automobile perses for me, and so expenses, 5400 Paid orice sales 2.5.30 Determined that the cost of wes on hand $1,730, therefore, the cost of polles used was $1.200 ad dividends 52.400 Required 1. Indicate the effect of each section for this ancestor oth wransaction For those bones in which is deve the box For those bosch you muster stave or negative numbers in a mission 300 - Cablite Stockholders Account Account Common Rent Item Cash Dividends + Supplies Receive SH Karned Expense Sal. + Supp Expand Auto Kepente MISC Expense Tren hal Nod Trem Cash accounts Receive At Supplies Como Stock Dividends - Fees Sal Rent Expense Supe Earned Expense Auto Expert Mise De Item Bar G Bal al Bal Bal Bal F B Bar 3. BE 9 sal Ball 1 Bai B Styles of captar 2. Stockholders couity is the night of stockholders to the assets of the bus. These riges are expenses 3. Determine the come for september by vicends and 4. How much de Setember's transactions to create or creme retained caringa! byStep by Step Solution
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