DATE TRANSACTIONS

June $1$ Zenna Brown invested $$43,200$ cash to start the business.

June $2$ Issued Check $201$ for $$1,980$ to pay the June rent for the office.

Note: Although normally you would debit Prepaid Rent, debit Rent Expense instead because you are preparing the income statement at the end of the month and all of the prepaid rent would be expired or would now be an expense. This is normally achieved through an adjusting entry debiting Rent Expense and crediting Prepaid Rent.

June $3$ Purchased desk and other office furniture for $$9,600$ from Office Interiors and Supplies, Invoice $3015$ ; issued Check $202$ for a $$1,920$ down payment with the balance due in $30$ days.

June $4$ Issued Check $203$ for $$1,450$ for supplies.

June $6$ Performed services for $$8,880$ in cash.

June $7$ Issued Check $204$ for $$8,330$ to pay for advertising expense.

June $8$ Purchased recording equipment for $$16,650$ from Ultra Sounds Unlimited, Invoice $2222$; issued Check $205$ for a down payment of $$6,000$ with the balance due in $30$ days.

June $10$ Performed services for $$5,720$ on account.

June $11$ Issued Check $206$ for $$2,760$ to Office Interiors and Supplies as payment on account.

June $12$ Performed services for $$11,300$ in cash.

June $15$ Issued Check $207$ for $$5,700$ to pay employees salaries.

June $18$ Received payments of $$4,720$ from credit clients on account.

June $20$ Issued Check $208$ for $$6,000$ to Ultra Sounds Unlimited as payment on account.

June $25$ Issued Check $209$ in the amount of $$440$ for the monthly telephone bill.

June $27$ Issued Check $210$ in the amount of $$1,110$ for the monthly electric bill.

June $28$ Issued Check $211$ to Zenna Brown for $$5,650$ for personal living expenses.

June $30$ Issued Check $212$ for $$7,130$ to pay the employees salaries.

Required:

Prepare the journal entries for the above transactions.

Post the above transactions to the ledger accounts.

Prepare a trial balance.

Prepare the income statement.

Prepare a statement of owner's equity.

Prepare the balance sheet.