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