In June, current year, Wendy Winger organized a corporation to provide aerial photography services. The company, called Aerial Views, began operations immediately. Transactions during the month of June were as follows. June 1 The corporation issued 60,000 shares of capital stock to Wendy Winger in exchange for $60,000 cash. June 2 Purchased a plane from Utility Aircraft for $220,000. Made a $40,000 cash down payment and issued a note payable for the remaining balance. June 4 Paid Woodrow Airport $2,500 to rent office and hangar space for the month. June 15 Billed customers $8,320 for aerial photographs taken during the first half of June. June 15 Paid $5,880 in salaries earned by employees during the first half of June. June 18 Paid Hannigan's Hangar $1,890 for maintenance and repair services on the company plane. June 25 Collected $4,910 of the amounts billed to customers on June 15. June 30 Billed customers $16,450 for aerial photographs taken during the second half of the month. June 30 Paid $6,000 in salaries earned by employees during the second half of the month. June 30 Received a $2,510 bill from Peatree Petroleum for aircraft fuel purchased in June. The entire amount is due July 10. June 30 Declared a $2,000 dividend payable on July 15. The account titles used by Aerial Views are Cash Accounts Receivable Aircraft Notes Payable Accounts Payable Dividends Payable Capital Stock Retained Earnings Dividends Aerial Photography Revenue Maintenance Expense Fuel Expense Salaries Expense Rent Expense Required: a. Analyze the effects that each of these transactions will have on the following six components of the company's financial statements for the month of June. Organize your answer in tabular form, using the column headings shown. Use I for increase, D for decrease, and NE for no effect. The June 1 transaction is provided for you. b. Prepare journal entries for each of the above transactions. c. Post each transaction to the appropriate ledger accounts. d. Prepare a trial balance dated June 30, current year. e. Using figures from the trial balance prepared in part d, compute total assets, total liabilities, and owners' equity. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Analyze the effects that each of these transactions will have on the following six components of the company's financial statements for the month of June. Organize your answer in tabular form, using the column headings shown. Use I for increase, D for decrease, and NE for no effect. The June 1 transaction is provided for you. Balance Sheet Date Income Statement Expenses NE Net Income Assets Liabilities + Revenue NE Owners' Equity NE NE June 1 June 2 June 4 June 15 June 15 June 18 June 25 June 30 June 30 June 30 June 30 View transaction list Journal entry worksheet Record issue of stock to Wendy Winger. Note: Enter debits before credits. General Journal Debit Credit Date June 01 Record entry Clear entry View general journal Cash Accounts Receivable Debit Credit Date Debit Credit Balance Date Balance Aircraft Notes Payable Debit Credit Date Debit Credit Balance Date Balance Accounts Payable Debit Credit Dividends Payable Debit Credit Date Balance Date Balance Dividends Capital Stock Debit Date Credit Balance Date Debit Credit Balance Aerial Photography Revenue Debit Credit Maintenance Expense Debit Credit Date Balance Date Balance Fuel Expense Debit Salaries Expense Debit Credit Date Credit Balance Date Balance Required A Required B Required C Required D Required E Prepare a trial balance dated June 30, current year. AERIAL VIEWS Trial Balance June 30, Current Year Debit Credit $ 0 S 0 Required A Required B Required Required Required E Using figures from the trial balance prepared in part d, compute total assets, total liabilities, and owners' equity. Total assets Total liabilities Total owners' (stockholders') equity