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Transactions;Financial Statements On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April: Opened abusinessbank account with

Transactions;Financial Statements

On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April:

  1. Opened abusinessbank account with a deposit of $35,000 in exchange for common stock.
  2. Purchased supplies on account, $3,590.
  3. Paid creditor on account, $2,270.
  4. Earnedsalescommissions, receiving cash, $36,680.
  5. Paid rent on office and equipment for the month, $7,190.
  6. Paid dividends, $11,000.
  7. Paid automobileexpensesfor month, $3,450, and miscellaneous expenses, $1,650.
  8. Paid office salaries, $4,330.
  9. Determined that the cost of supplies on hand was $1,210; therefore, the cost of supplies used was $2,380.

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