Question: On August 1 , 2 0 Y 5 , Rafael Masey established Planet Realty, which completed the following transactions during the month: Rafael Masey transferred
On August Y Rafael Masey established Planet Realty, which completed the following transactions during the month:
Rafael Masey transferred cash from a personal bank account to an account to be used for the business, $
Purchased supplies on account, $
Earned fees, receiving cash, $
Paid rent on office and equipment for the month, $
Paid creditor on account, $
Withdrew cash for personal use, $
Paid automobile expenses including rental charge for month, $ and miscellaneous expenses, $
Paid office salaries, $
Determined that the cost of supplies used was $
Required:
Question Content Area
Journalize entries for transactions a through i using the following account titles: Cash; Supplies; Accounts Payable; Rafael Masey, Capital; Rafael Masey, Drawing; Fees Earned; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. If an amount box does not require an entry, leave it blank.
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