Question: On August 1 , 2 0 Y 9 , Brooke Kline established Western Realty. Brooke completed the following transactions during the month of August: a

On August 1,20Y9, Brooke Kline established Western Realty. Brooke completed the following transactions during the month of August:
a. Opened a business bank account with a deposit of $28,000 in exchange for common stock.
b. Paid rent on office and equipment for the month, $3,600.
c. Paid automobile expenses for month, $1,300, and miscellaneous expenses, $700.
d. Purchased office supplies on account, $1,250.
e. Earned sales commissions, receiving cash, $18,400.
f. Paid creditor on account, $750.
g. Paid office salaries, $3,000.
h. Paid dividends, $3,300.
i. Determined that the cost of supplies on hand was $500; therefore, the cost of supplies used was $750.

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