Open the following T accounts: Cash; Repair Supplies; Repair Equipment; Accounts Payable; Common Stock; Dividends; Repair Fees Earned; Salaries Expense; and Rent Expense. Record the following transactions for the month of June directly in the T accounts; use the letters to identify the transactions in your T accounts. Determine the balance in each account.

a. Ella Clunie opened Ceramics Repair Service, Inc., by investing $4,300 in cash and

$1,600 in repair equipment in return for 5,900 shares of the company's $1 par value common stock.

b. Paid $400 for the current month's rent.

c. Purchased repair supplies on credit, $500.

d. Purchased additional repair equipment for cash, $300.

e. Paid salary to a helper, $450.

f Paid $200 of amount purchased on credit in c.

g. Accepted cash for repairs completed, $1,860.

h. Declared and paid a dividend of $600.