12 Feb On January 1, 2019, Sharon Matthews established Tr
On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $20,000. Paid rent on office and equipment for the month, $3,650. Purchased supplies on account, $1,080. Paid creditor on account, $400. Earned fees, receiving cash, $16,600. Paid automobile expenses (including rental charge) for month, $1,010, and miscellaneous expenses, $680. Paid office salaries, $2,120. Determined that the cost of supplies used was $600. Withdrew cash for personal use, $980.Required:1. Journalize entries for transactions (a) through (i) (in chronological order), using the following account titles: Cash; Supplies; Accounts Payable; Sharon Matthews, Capital; Sharon Matthews, Drawing; Fees Earned; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. For a compound transaction, if an amount box does not require an entry, leave it blank.
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