Transactions on September 1 or 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 $30,000 in exchange for common stock b. Purchased office supplies on account, $3,510 c. Received cash from fees cared for managing rental property, 59,850 d. Paid rent on office and equipment for the month, 1,310, e Paid creditors on account, 51,600 1. Billed customers for fees corned for managing rental property, 57,980. 9. Paid automobile expenses for month, 5960, and miscellaneous expenses, 5480 n. Pald or salaries, $3,030, 1. Determined that the cost of supplies on hand was $2,070; therefore, the cost of supplies used was 51.40. J. Pald dividends $2,870 Required: 1. Indicate the effect of each transaction and the balance after each transactions 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 Stockholders' quity Account Accounts Common Fees Rent Sal. Item Cash Supplies Dividende Receivable Payable Stock Earned Expense Expense + 12 x b 1 X Bal Bal d. Bal Check My Work Previous Next > Bal Ba 3 by ances of capital forex and preved 2. Stockholders equity in the right of stockholders to the sets of the business. These rights are by dividends and expenses 3. Determine the nat income for September 4. How much did September's transaction() increase or decreased retained earnings? by Chey 1 Raw Transactions to maruwd on page 16 in the autocar that the effect of every const inooly the accounting ustion, yet can overat 2 tlockholded souty presents the rights of tokholdere Actional instants and revenons norte term of the stockholder. When the stockholder rumores funds (w diviend and pay the conseguit de 2. Natomia os of revenues over expenses 4. Beginning Retained comings Not income -- Dividends Ending Retained coming Learning