Mary Aker opened a tax practice on June 1. The following accounts will be needed to record her transactions for June: Cash; Accounts Receivable; Office Supplies; Tax Library; Office Furniture and Fixtures; Accounts Payable; Notes Payable; Common Stock; Dividends; Professional Fees Earned; Rent Expense; Salaries Expense; Advertising Expense; Utilities Expense; and Interest Expense. The following transactions occured during the month of June:

June	1	Aker opened a business checking account at a local bank, investing $16,100 in her practice in exchange for common stock.
	2	Purchased office furniture and fixtures for $9,900, paid $2,900 cash, and gave a note payable for the balance.
	3	Purchased books and software for a tax library on account, $3,800.
	4	Purchased office supplies for cash, $660.
	5	Paid rent for June, $850.
	6	Returned $400 of books with defective bindings. The return reduced the amount owed to the supplier.
	7	Billed clients for professional services rendered, $7,700.
	8	Paid $1,800 on account for the library items purchased on June 3.
	9	Collected $6,000 on account from clients billed on June 7.
	10	Paid June salaries, $3,000.
	11	Received invoice for June advertising, to be paid in July, $400.
	12	Paid stockholders $900 cash as a dividend.
	13	Paid utilities for June, $260.
	14	Paid interest for June on note payable, $160.

Required

a. Prepare journal entries and record the above transactions in T-accounts, and key entries with the number of the transactions.

b. Prepare a trial balance as of June 30.

• Journal Entries
• T-Accounts
• Trial Balance

General Journal
Date	Description	Debit	Credit
(1)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record issuance of common stock.
(2)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	Cash	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record purchase of office furniture and fixtures.
(3)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record purchase of office supplies.
(4)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record purchase of office supplies.
(5)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record payment for rent.
(6)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record return of defective books.
(7)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record billings of professional services earned.
(8)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record payment of library items purchased.
(9)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record cash collected form customers.
(10)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record payment of salaries.
(11)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record invoice for advertising.
(12)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record payment of dividends.
(13)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record payment of utilities expense.
(14)	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseCashCommon StockDividendsInterest ExpenseNotes PayableOffice Furniture and FixturesOffice SuppliesProfessional Fees EarnedRent ExpenseSalaries ExpenseTax LibraryUtilities Expense	Answer	Answer
	To record payment of interest expense.