K. Daniels started Daniels Services, a firm providing art services for advertisers, 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	K. Daniels invested $12,000 cash to begin the business in exchange for common stock.
	2	Paid $950 cash for June rent.Hint: Record rent expense on June 2.
	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 $5,000 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
June 2
June 3
June 6
	Cash
June 11
June 17
June 19
June 25
June 30
June 30

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