The chart of accounts of Pellham Poster Printers contained the following accounts: Cash at Bank; Accounts Receivable; Equipment; Accounts Payable; K. Pellham, Drawings; Printing Fees; Salaries Expense and Advertising Expense. Ignore GST.

The following transactions occurred during the month of June:

June

1 5 9 14 18 22 30

K. Pellham withdrew $850 cash for personal use. Purchased new equipment for $5000. Paid $500 deposit with the balance to be paid within 60 days. Paid for advertising in the local newspaper, $510. Paid $320 to creditors for office supplies that had been purchased on credit in the previous month. Paid salaries of $970. Received $500 from customers to reduce their account balances. $12 000 in printing fees were due during the month. Of this, 20% of the fees were collected in cash and 80% will be paid within 60 days.

Required

A. Prepare the general journal entries to record the transactions (ignore GST).

B. For each transaction above, prepare an analysis similar to those shown in illustrative examples in this chapter of the text.