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6. Near the end of her freshman year at college, Heather Miller is faced with the decision of whether to get a summer job, go

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6. Near the end of her freshman year at college, Heather Miller is faced with the decision of whether to get a summer job, go to summer school, or start a summer dress making business. Heather has had some experience designing and sewing and believes it might be the most lucrative of her summer alternatives. She starts *Sew Cool." During June, the first month of business, the following occur: a. Heather deposits $1,000 of her own money into Sew Cool's checking account. b. Sew Cool purchases equipment for $1,000. The company signs a note payable for this purchase. c. Sew Cool purchases $1,000 in sewing supplies and material in cash. d. Sew Cool gives Heather's parents a check for $80 for rent and utilities. e. Heather sews and sells twenty dresses during the month. Each dress has a price of $60. Cash is received for twelve of the dresses, with customers owing for the remaining eight. f. The dresses sold above cost $35 each to make. g. Sew Cool purchases advertising for $50 cash. h. Sew Cool pays Heather a cash dividend of $10 cash. i. Sew Cool's taxes, paid in cash, amount to $87. a. Prepare journal entries for the above transactions. b. Prepare T-accounts for each account used. c. Prepare a trial balance for June

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