1.

On June 2, Perkins Law received a $2,000 deposit for legal services to be provided in September. How does this transaction impact the June balance sheet of Perkins Law?

2.

Trendy Tile received its June utility bill in July and paid the bill in August. In which monthly income statement should Trendy Tile show the expense for this bill?

3.

Perkins Law had the following transactions in June. Which of these should be recognized as expense in June?