On April 1^st, 2009, John F. Kennedy established Kennedy Realty. Kennedy completed the following transactions during the month of April:

1. Kennedy opened a business bank account with a deposit of $30,000.00 from personal funds.
2. Purchased supplies (pens, file folders, papers, etc.) on account at $2,650.00
3. Paid creditor on account $1,500.00
4. Earned sales commissions, receiving $36,750.00 cash
5. Paid rent on office and equipment for the month in the amount of $5,200.00
6. Withdrew $8,000.00 cash for personal use
7. Paid automobile expenses (including rental charge) for the month, in the amount of $2,500.00 and miscellaneous expenses, in the amount of $1,200.00
8. Paid office salaries in the amount of $9,250.00
9. Determined that the cost of supplies on hand was $900.00 therefore, the cost of supplies used was $1,750.00

Prepare a detailed journal entry and indicate the effect of each transaction.