Assessing Financial Statement Effects of Transactions (LOI) Services, a firm providing art services for advertisers, began business on June 1. The following accounts are needed to record the transactions for June: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; Dividends; Service Fees Earned; Rent Expense; Utilities Expense; and Wages Expense. Record the following transactions for June using the financial statement effects template. June I M. DeFond invested $12.000 cash to begin the business in exchange for common stock. Paid $950 cash for June rent. Purchased $6,400 of office equipment on credit. Purchased $3,800 of art materials and other supplies; the company paid $1,800 cash with the remainder due within 30 days. Billed clients $4,700 for services rendered. Collected $3,250 cash from clients on their accounts billed on June Paid $5,000 cash toward the account for office equipment (sec June Paid $900 cash for dividends. Paid $350 cash for June utilities. Paid $2,500 cash for June wages