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 $12,000 cash to begin the business in exchange for common stock.
	2	Paid $950 cash for June rent.
	3	Purchased $6,400 of office equipment on credit.
	6	Purchased $3,800 of art materials and other supplies; the company paid $1,800 cash with the remainder due within 30 days.
	11	Billed clients $4,700 for services rendered.
	17	Collected $3,250 cash from clients on their accounts billed on June 11.
	19	Paid $3,000 cash toward the account for office equipment (see June 3).
	25	Paid $900 cash for dividends.
	30	Paid $350 cash for June utilities.
	30	Paid $2,500 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

Utilities Expense
	Answer	Answer
Wages Expense
	Answer	Answer

Service Fees Earned
	Answer	Answer

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