Carl Brown decided to establish an advertising agencyto be known as brown advertising inc. Browns Business transactions for the first month of operations ending june 30th, 2016 were as follows. Journalize browns business transactions.

June 1 Stockholders invested $40,000 cash in the business in exchange for common stock.

June 2 Paid office rent for one month, $1,600.

June 2 Purchased office equipment on account, $11,700.

June 4 Paid cash for office supplies, $700.

June 6 Paid the telephone bill, $425

June 12 Recieved $5,120 cash for advertising fees earned.

June 15 Paid $4,000 on accounts payable balance.

June 20 Recieved $3,200 cash for advertising fees earned.

June 25 Paid $2,200 wages to office secretary

June 30 Paid $5,000 in cash dividends.