← Chrome Courses Maps File Edit View History Bookmarks Profiles Tab Window Help Situation Analysis Video Assign X b Answered: On June 1 of the cur x bartleby.com/questions-and-answers/on-june-1-of-the-current-year-pamela-schatz-established-a-business-to-manage-rental-property.-she-co/1ab69e2f-7e80-4f32-b7e3-c159db33... fr n mn cvfxz0oi... bartleby Required: a. b. X C. Item Bal. PDFfiller uber in... CengageNOWv2 | Online teach X On June 1 of the current year, Pamela Schatz established a business to manage rental property. She completed the following transactions during June: a. Opened a business bank account with a deposit of $55,000 from personal funds. b. Purchased office supplies on account, $3,300. c. Received cash from fees earned for managing rental property, $18,300. d. Paid rent on office and equipment for the month, $8,300. e. Paid creditors on account, $2,290. f. Billed customers for fees earned for managing rental property, $30,800. g. Paid automobile expenses (including rental charges) for the month, $1,380, and miscellaneous expenses, $1,800. h. Paid office salaries, $7,300. 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) Bal. i. Determined that the cost of supplies on hand was $1,250; therefore, the cost of supplies used was $2,050. j. Withdrew cash for personal use, $13,800. StreamYard S StreamEast - NBA... h Hulu | Live TV Cash + Assets Accounts Receivable learn + Supplies = Liabilities Accounts Payable write + Cengage Support... + plus Pamela Schatz, Capital study resources Pamela Schatz, PowerPoint | Microsoft 365 Drawing + mk Fees Earned X Presentation5.pptx Owner's Equity Rent Expense Salaries Expense transactions during June: a. Opened a business bank account with a deposit of $55,000 from personal funds. b. Purchased office supplies on account, $3,300. c. Received cash from fees earned for managing rental property, $18,300. d. Paid rent on office and equipment for the month, $8,300. e. Paid creditors on account, $2,290. f. Billed customers for fees earned for managing rental property, $30,800. g. Paid automobile expenses (including rental A ♂ G 80 Supplies Expense MD Mon Jul 10 2:25 PM Holy APRON A 1 Update: