Balance Sheet Income Statement Cash Asset 12,000 Noncash Assets 0 Contributed Capital 12,000 0 Earned Capital 0 Lion 1 2 3 6 11 17 19 25 30 0 Liabilities 0 0 6,400 2.000 0 0 6,400 3,800 4,700 3,200 X 0 950 X 0 1,800 x 0 3,250 5,000 x 900 X 350 X 2,500 x Revenue 07 0 0 0 4,700 0 Ox 0 0 0 0 0 0 x OX 0 0 Expenses 0 950 O 0 0 350 X 2,500 x 0 3,200 X 0 0 0 0 0 0 D OX 3.800 X 30 0 5,400 x 12,000 X 0.X 4,700 X You Assessing Financial Statement Effects of Transactions DeFond 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. (Record each transaction in the order it appears.) June 1 M. DeFond invested 512.000 cash to begin the business in exchange for common stock 2 Paid $950 cash for June rent. Hin Record rent expense on June 2. 3 Purchased $6.400 of office equipment on credit 6 Purchased $3,800 of art materials and other supplies the company paid $1,800 cash with the remainder due within 30 days 11 Billed clients $4,700 for services rendered 17 Collected $3,250 cash from clients on their accounts billed on June 11. 19 Paid $5,000 cash toward the account for office equipment (see June 3) 25 Paid $900 cash for dividends. 30 Paid 5350 cash for June utilities 30 Paid $2,500 cash for June wages