In June, the following transactions occurred for Betty’s Art Studio of Toronto:

Required
a. The ledger is already set up for you based on the Chart of Accounts.
b. Journalize (all page 1) and post the June transactions.
c. Prepare a trial balance as of June 30, 2014.
Chart of accounts includes: Cash, 111; Accounts Receivable, 112; Prepaid Rent, 114; Art Supplies, 121; Equipment, 131; Accounts Payable, 211; Betty Rice, Capital, 311; Betty Rice, Withdrawals, 312; Art Fees Earned, 411; Electrical Expense, 511; Salaries Expense, 521; Telephone Expense, 531.