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Q5 Traction Analysis and Financa Satamants MAMADharacter . D THE Air Pass R Transaction Analysis, Trial Balance, and Financial Statements Angela Mica operates the Mica Dance Studio. On june 1, the business's general ledger contained the following infor 35030 Accounts Payable Accounts Recenalle 1000 Notes Payable 1000 Retained Earnings 2000 $14330 The following transactions occurred during the month of June 3875 Parental Rent Evense) 240 Coments on account 5.320 Borrowed and signed a promisory notewable reino months 1500 5 students to instructional fees. 7,500 Panteret for en notes payable 30 Paldroadkertising to let performances 375 & ad costumarent Rent Expenses 550 Cocteadmis on tees from baret performances gen during the month 2.100 10 Dalamint owed on account. 480 1) Received ce for june utilities to be pudiny STO 12 Paid Stockholders a cash didend 900 13 Used cash to purchase plan to be used in business starting injury 5.500 Required a Record these transactions in the general journal and post them to the T-accounts. b. Prepare a trial balance as of June 30. Journal Entries T-Accounts Trial Balance General Journal Description Post rel. Date uno Debit Credit 0 OS 0 To record payment of studeren (2) 0 0 0 0 To record payment of parent 13 0 0 0 To record cach collection from students o 14) 0 D To record not payable (5) To record for billing . 361 0 to record payment of interest + 12 To record payment for vorting . 18) D + To recand payment for costume rental 0 (9 . To record receipts for admission fees 11 110 . To record payment on account + To record loneles (12) To record cash didend 2