Accounting 101

May 17 Declared a cash dividend of $26,000. The dividend will not be paid until Jaly 8 . May 29 Received a $7,000 bill from Dave Jensen, CPA, for accounting services performed during May Payment is due by June 10. (The appropriate expense accotint is entitted Profcisional Expenses.) June 4 Resecived full payment from Biltmore Construction Company for the invoice sent on Aprils. 4. Prepure journal entries to record the transactions in the firm's accounting records. b. Identify any of these fransactions that will not result in a change in the company's net income