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On August 1, 20Y7, Rafael Masey established Planet Realty, which completed the following transactions during...

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Accounting

On August 1, 20Y7, 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 in exchange for Common Stock, $28,000. Purchased supplies on account, $1,490. Earned sales commissions, receiving cash, $22,960. Paid rent on office and equipment for the month, $5,050. Paid creditor on account, $550. Paid dividends, $1,350. Paid automobile expenses (including rental charge) for month, $1,400, and miscellaneous expenses, $940. Paid office salaries, $2,940. Determined that the cost of supplies used was $830. Required: Question Content Area 1. Journalize entries for transactions (a) through (i), using the following account

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