During May, Artisan Stone and Brick laid a stone patio for Louise McCowan for a fee of $1200. The job took one full week, and was completed on May 15th. Artisan will be paid on June 1. Artisan's expenses associated with the job are as follows: 1. Decorative stones, $400. These stones were purchased on account on May 5th. They will be paid for on June 5th. 2. Cement, two $10 bags. The bags were purchased and paid for on April 20th. 3. Wages paid to assistants, $200. These wages were paid at the end of the week, May 15th. In addition, Artisan spends approximately $600 per month, paid on May 1st for rent, utilities, and insurance for its office. (You can group all into one account, office expense.)

1. Record all transactions for the months of April, May and June. 2. Set up T Accounts for all accounts used in journal and determine the ending balance as of June 30 3. 4 column accounting paper and compute Artisan's profit on the job, using the matching principle. Be sure to properly label all items in the calculation. You can follow an Income Statement format.