Sanlucas, Inc., provides home inspection services to its clients. The following is the company's trial balance dated June 1, current year.

Sanlucas engaged in the following transactions in June.
June 4 Borrowed cash from Community Bank by issuing a $1,800 note payable.
June 9 Collected a $1,920 account receivable from Nina Lesher.
June 10 Purchased $180 of inspection supplies on account.
June 17 Billed homeowners $1,980 for inspection services. The entire amount is due on July 17.
June 25 Paid WLIR Radio $240 for ads to be aired on June 27.
June 28 Recorded and paid $1,560 for testing expenses incurred in June.
June 30 Recorded and paid June salaries of $1,320.
Instructions
a. Record the company's June transactions in general journal form. Include a brief explanation of the transaction as part of each journal entry.
b. Post each entry to the appropriate ledger accounts (use the T account format illustrated in Exhibit 3-8).
c. Prepare a trial balance dated June 30, current year. (Hint: Retained Earnings will be reported at the same amount as on June 1. Accounting for changes in the Retained Earnings account resulting from revenue, expense, and dividend activities is discussed in Chapter 5.)
d. Has the company paid all of the dividends that it has declared? Explain.

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SANLUCAS, INC TRIAL BALANCE JUNE 1, CURRENT YEAR 3,120 960 $ 1,020 2,400 Dividends 720 . . . 3,600 2,160 10,020 Inspection revenue 5,880 360 2,040 $19,200 $19,200