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. Prepare a journal entry for each transaction.

June	1	M. DeFond invested $18,000 cash to begin the business in exchange for common stock.
	2	Paid $1,425 cash for June rent.Hint: Record rent expense on June 2.
	3	Purchased $9,600 of office equipment on credit.
	6	Purchased $5,700 of art materials and other supplies; the company paid $2,700 cash with the remainder due within 30 days.
	11	Billed clients $7,050 for services rendered.
	17	Collected $4,875 cash from clients on their accounts billed on June 11.
	19	Paid $4,500 cash toward the account for office equipment (see June 3).
	25	Paid $1,350 cash for dividends.
	30	Paid $525 cash for June utilities.
	30	Paid $3,750 cash for June wages.

Prepare a journal entry for each transaction. (Record each transaction in the order it appears.)

GENERAL JOURNAL
Date	Description	Debit	Credit
June 1	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
June 2	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
June 3	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
June 6	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
	Cash	Answer	Answer
	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
June 11	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
June 17	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
June 19	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
June 25	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
June 30	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
June 30	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer
	AnswerCashAccounts ReceivableSuppliesOffice EquipmentAccounts PayableCommon StockDividendsService Fees EarnedRent ExpenseUtilities ExpenseWages Expense	Answer	Answer

Create a T-account for each account, and then post the journal entries to the T-accounts.

Enter transactions in the T-accounts in the order they appear.

Cash
	Answer	Answer
	Answer	Answer
	Answer	Answer
	Answer	Answer
	Answer	Answer
	Answer	Answer

Supplies
	Answer	Answer

Office Equipment
	Answer	Answer

Accounts Receivable
	Answer	Answer

Accounts Payable
	Answer	Answer
	Answer	Answer

Common Stock
	Answer	Answer

Dividends
	Answer	Answer

Rent Expense
	Answer	Answer