1. For each account used in the transactions listed in each problem and those additional accounts needed to complete the adjusting general journal entries for each problem, create a T-Account and record the debit and credit entries for each account and balance each T-account. 2. Enter the unadjusted trial balance on an end-of-period worksheet and complete the worksheet. Add the additional accounts created that are needed to complete the adjusting general journal entries. 3. Journalize and post the adjusting entries. Identify the adjustments as Adj, and the new balances calculated as Adj Bal. 4. Prepare an adjusted trial balance. 5. Prepare: A. An Income Statement; B. A Statement of Owners Equity; C. A Balance Sheet. 6. Journalize and post the Closing Entries. Identify the closing entries as Clos. 7. Prepare a Post-Closing Trial Balance. June 1 The following assets were received from Emily Page: Cash-$20,000; accounts receivable- $4,500; supplies-$2,000; and office equipment-$11,500. There were no liabilities received. June 1 Paid three months rent on a lease rental contract, $6,000. June 2 Paid the premiums on property and casualty insurance policies, $2,400. June 4 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $2,700. June 5 Purchased additional office equipment on account from Office Depot Co., $3,500. June 6 Received cash from clients on account, $3,000. June 10 Paid cash for a newspaper advertisement, $200. June 12 Paid Office Depot Co. for part of the debt incurred on June 5, $750. June 12 Recorded services provided on account for the period June 1 12-$5,100. June 14 Paid part-time receptionist for two weeks salary, $1,100. June 17 Recorded cash from clients for fees earned during the period June 1-16, $6,500. June 18 Paid cash for supplies, $750. June 20 Recorded services provided on account for the period June 13-20, $3,100. June 24 Recorded cash from cash clients for fees earned for the period 17-24, $5,150. June 26 Received cash from clients on account, $6,900. June 27 Paid part-time receptionist for two weeks salary, $1,100. June 29 Paid telephone bill for June, $150. June 30 Paid electricity bill for June, $400. June 30 Recorded cash from cash clients for fees earned for the period June 25-30, $2,500. June 30 Recorded services provided on account for the remainder of June, $1,000. June 30 Emily withdrew $5,000 for personal use. A. Insurance expired during June is $200. B. Supplies on hand on June 30 are $650. C. Depreciation of office equipment for June is $250. D. Accrued receptionist salary on June 30 is $220. E. Rent expired during June is $2,000. F. Unearned fees on June 30 are $1,875.