201X June 1 Bella Revin invested $55,000 in the art studio. 1 Paid ten months' rent in advance, $9,000. 3 Purchased $1,200 of equipment from Ovak Co. on account. 5 Received $2,000 cash for art-training workshop for teachers. 8 Purchased art supplies for $600 cash. 9 Billed Buster Co. $2,000 for group art lesson for its employees. 10 Paid salaries of assistants, $600. 15 Bella withdrew $1,400 for personal use. 28 Paid electrical bill, $70. 29 Paid telephone bill for June, $210. The chart of accounts for Bella's Art Studio is as follows: Chart of Accounts Assets Owner's Equity 111 Cash 311 B. Revin, Capital 112 Accounts Receivable 312 B. Revin, Withdrawals 114 Prepaid Rent 121 Art Supplies Revenue 411 Art Fees Earned 131 Equipment Expenses Liabilities 511 Electrical Expense 211 Accounts Payable 521 Salaries Expense 531 Telephone Expense Your tasks are to do the following: a. Journalize (journal is page 1) and post the June journal entries. b. Prepare a trial balance as of June 30, 201X. If more than one transaction affects an account, enter the transactions in the same order as given in the information. Cash Account No. 111 Post. Balance Date Explanation Ref. Debit Credit Debit Credit 201X June Accounts Receivable Account No. 112 Balance Post. Date 201X Explanation Ref. Debit Credit Debit June Prepaid Rent Credit Account No. 114 Post. Balance Date Explanation Ref. Debit Credit Debit Credit 201X June Art Supplies Post. Account No. 121 Balance Date 201X Explanation Ref. Debit Credit Debit Credit June Equipment Account No. 131 Post. Balance Date Explanation Ref. Debit Credit Debit Credit 201X June Accounts Payable Account No. 211 Post. Balance Date 201X Explanation Ref. Debit Credit Debit Credit June June B. Revin, Capital Account No. 311 Post. Balance Date 201X Explanation Ref. Debit Credit Debit Credit B. Revin, Withdrawals Post. Account No. 312 Balance Date Explanation Ref. Debit Credit Debit 201X June Art Fees Earned Credit Account No. 411 Balance Post. Date Explanation Ref. Debit Credit Debit 201X June Credit Electrical Expense Account No. 511 Balance Post. Date 201X Explanation Ref. Debit Credit Debit June Salaries Expense Credit Account No. 521 Post. Balance Date Explanation Ref. Debit Credit Debit Credit 201X June Telephone Expense Account No. 531 Balance Post. Date 201X Explanation Ref. Debit Credit Debit June Credit Totals Account Bella's Art Studio Trial Balance June 30, 201X Debit Credit