Jonas Jones, Inc. (JJ) provides consulting and tax services to clients. JJ prepares monthly financial statements. Prepare each of the following transactions on scratch paper showing account titles and amounts and then choose the correct letters from the list below. Two (2) answers are needed for each question, unless the answer is "No Transaction." In this setup, equity includes the temporary accounts (revenues, expenses and dividends). JJ pays $100 dividend. A: -$100 Cash L: NE E: -$100 Retained Earning for dividends Translate that to: Credit (reduce) Assets Debit (reduce) Equity On June 30, JJ receives the a bill for janitorial services in June. JJ will pay the $150 bill in July. Debit Assets Credit Assets Debit Liabilities Credit Liabilities Debit Equity Credit Equity No transaction JJ prepares a tax return for a client and immediately receives a check for $1,000. Debit Assets Credit Assets Debit Liabilities Credit Liabilities Debit Equity Credit Equity No transaction On June 3, JJ receives $2,000 from a client for consulting services that JJ will provide next month. Debit Assets Credit Assets Debit Liabilities d. Credit Liabilities Debit Equity Credit Equity No transaction