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gagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker assignments&takeAssignmentSessionLocator-assign Show Me How Calculator On September 1 of the current year, Joy Tucker established a business to manage rental property. She completedt a. Opened a business bank account with a deposit of $50,000 in exchange for common stock. b. Purchased office supplies on account, $3,540. c. Received cash from fees earned for managing rental property, $9,810 d. Paid rent on office and equipment for the month, $4,340. e. Paid creditors on account, $1,610 f. Billed customers for fees earned for managing rental property, $8,040. g. Paid automobile expenses for month, $960, and miscellaneous expenses, $480. h. Paid office salaries, $3,060. i. Determined that the cost of supplies on hand was $2,090; therefore, the cost of supplies used was $1,450. Paid dividends $2,890 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+ AccountsSuppliesPayable ccownts Common Dividends ItemCash Stock 0,000 50,000 b. 3,540 ,540 Bal 3,540 50,000 50,000 0,000 58,000 3,540 ,540 3,540 50,000

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