On august 1, 2016, rafael masey established planet realty, which completed the following transactions during the month:

transactions
aug. 1 rafael masey transferred cash from a personal bank account to an account to be used for the business, $17,500.
2 purchased supplies on account, $2,300.
3 earned sales commissions, receiving cash, $13,300.
4 paid rent on office and equipment for the month, $3,000.
5 paid creditor on account, $1,150.
6 withdrew cash for personal use, $1,800.
7 paid automobile expenses for month, $1,500, and miscellaneous expenses, $400.
8 paid office salaries, $2,800.
9 determined that the cost of supplies used was $1,050.
required:

1. journalize entries for transactions aug. 1 through 9. refer to the chart of accounts for exact wording of account titles.
2. post the journal entries to the t accounts, selecting the appropriate date to the left of each amount to identify the transactions. determine the account balances, after all posting is complete. accounts containing only a single entry do not need a balance.
3. prepare an unadjusted trial balance as of august 31, 2016.
4. determine the following:
a. amount of total revenue recorded in the ledger.
b. amount of total expenses recorded in the ledger.
c. amount of net income for august.
5. determine the increase or decrease in owner’s equity for august.