BusinessCourse Return to course My Subscriptions Briana Alejandre Unique Designs, a firm providing art services for advertisers, began business on June 1. The following accounts in its general ledger 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 Salaries Expense une Emily Holmes invested 58.000 cash to begin the bu s he received common stock for her investmen 2 Parent for june 53752 3 Purchased office equipment on account $2.500 Purchased arcputerials and other supplies conting 32.500 paid $500 down with the remainder due within 30 days 11 B d dients Services, 54.750. 2 Collected 2600 from clients on account 19 Paid 2,000 on account to office equipment company is june transaction 25 Emily Holmes received a $750 dividend 30 Paid utility bill for June, 5525. 30 Paid salaries for June, 2.750 Accounting Equation Journal Entries My Blackboard Community Res Financial Accounting myBusiness Course * Return to course Business Course Accounting Equation # My Subscription Journal Entries a. Using the accounting equation, record each of the transactions in columnar format. Cash + Accounts Receivable Supplies + Office Equipment Accounts Payable Common Stock Retained Earnings lune 15 E Business Course ACCOUNUNg Equation * Return to course Journal entes b. Use journal entries to record the transactions for June in the general journal. Date Description Debit June 1 Credit Owner purchased common stock for cash. Paid June rent. Purchased office equipment on account. Cash e Financial Accounting myBusiness Course Business Course * Return to course Cash Purchased $2,500 of supplies; paid $900 down with balance due in 30 days. Billed clients for services. Collections from clients on account. Payment on account. Dividend paid to shareholders. 30 & SS Financial Accounting myBusiness Course BusinessCourse Return to course Payment on account. 25 Dividend paid to shareholders. Paid utilities bill for June. 30 Paid salaries for June. Check 2 Save. Answers ES