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Flynn Company began operations in June 2015. The chart of accounts used is provided below. Prepare the correct journal entries for the monthly transactions of

Flynn Company began operations in June 2015. The chart of accounts used is provided below. Prepare the correct journal entries for the monthly transactions of the company.

Chart of Accounts Transactions
100 Cash 1-Jun H. Flynn invested $25,000 to start the business and received common stock in return
105 Accounts Receivable 4-Jun Purchased Supplies for $2,000 on account
110 Supplies 5-Jun Purchased Equipment costing $5,000 by signing a 3-month Note Payable
115 Equipment 8-Jun Received $7,000 from customers for services rendered
200 Accounts Payable 19-Jun Paid $2,000 in cash for the June rent
205 Unearned Revenue 25-Jun Paid for the supplies purchased on the 4th
210 Note Payable 27-Jun Received $9,000 from customers for services that will be provided in July
300 Common Stock 28-Jun Provided services on account to customers for $6,000
305 Dividends 30-Jun Paid Dividends of $900 to shareholders
400 Service Revenue 30-Jun Paid the assistants salary of $2,000 for the month of June
500 Salaries Expense
505 Rent Expense

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