On August 1, 20Y5, Rafael Masey established Planet Realty, which completed the following transactions during the month:

a. Rafael Masey transferred cash from a personal bank account to an account to be used for the business, $17,500.
b. Purchased supplies on account, $2,300.
c. Earned fees, receiving cash, $13,300.
d. Paid rent on office and equipment for the month, $3,000.
e. Paid creditor on account, $1,150.
f. Withdrew cash for personal use, $1,800.
g. Paid automobile expenses (including rental charge) for month, $1,500, and miscellaneous expenses, $400.
h. Paid office salaries, $2,800.
i. Determined that the cost of supplies used was $1,050.

Required:
Journal Entries and Trial Balance

a. Based on the information given we were told that the amount of $17,500 was transferred from a personal bank account to an account that is to be used for business which means that the Journal entry will be:

Dr Cash 17,500

Cr Common Stock 17,500

b. Based on the information given we were told that Purchased supplies on account was the amount of $2,300 which means that the Journal entry will be:

Dr Supplies 2,300

Cr Account payable 2,300

c. Based on the information given we were told that they Earned fees receiving cash of $13,300 which means that the Journal entry will be:

Dr Cash 13,300

Cr Sales commission 13,300

d. Based on the information given we were told they Paid rent on office and equipment of the amount of $3,000 which means that the Journal entry will be:

Dr Rent expense 3,000

Cr Cash 3,000

e. Based on the information given we were told that they Paid creditor on account for the amount $1,150 which means that the Journal entry will be:

Dr Account payable 1,150

Cr Cash 1,150

f. Based on the information given we were told that they Withdrew cash for personal use of the amount of $1,800 which means that the Journal entry will be:

Dr Dividend 1,800

Cr Cash 1,800

g. Based on the information given we were told that they paid automobile expenses which include rental charge for month, costing $1,500, and miscellaneous expenses costing $400 which means that the Journal entry will be:

Dr Automobile expense 1,500

Dr Miscellaneous expense 400

Cr Cash 1,900

h. Based on the information given we were told that they Paid office salaries of the amount of $2,800 which means that the Journal entry will be:

Dr Salaries expense 2,800

Cr Cash 2,800

i. Based on the information given we were told that the cost of supplies used was the amount of $1,050 which means that the Journal entry will be:

Dr Supplies expense 1,050

Cr Supplies 1,050