Reference no: EM132477644

deposit of $39,000 in exchange for common stock.

office supplies on account,                                                        $3,390.

fees earned for managing rental property,                                      $9,640.

Paid rent and equipment for the month,                                           $4,160.

Paid creditors on account,                                                             $1,540.

Billed customers for fees earned for managing rental property,               $7,710.

Paid automobile expenses for month, $930, and miscellaneous expenses, $460.

Paid office salaries,                                                                         $2,930.

Determined that the cost of supplies on hand was $2,000; therefore, the cost of supplies used was $1,390.

Paid dividends                                                                               $2,780.

Question 1: chart and calculate balance