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Assessing Financial Statement Effects of Transactions 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. Record the following transactions for June using the financial statement effects template. (Record each transaction in the order it appears.) June 1 K Daniels invested $12,000 cash to be in the business in exchange for common stock 2 Paid 5950 cash for June rent. HintRecord rent expense on June 2 3 Purchased $6,400 of office equipment on credit 6 Purchased 53.800 of art materials and other supplies, the company paid $1,800 cash with the remainder due within 30 days 11 Billed clients 54,700 for services rendered 17 Collected $3,250 cash from clients on their accounts billed on June 11 19 Paid 55.000 cash toward the account for office equipment (see june) 25 Paid 900 cash for dividends. 30 Paid $350 cash for June utilities 30 Paid $2.500 cash for Jure wages Income Statement Earned Capital + Contributed Capital 0 0 0 Revenue 0 Expenses 0 - Net Income 0 0 0 0 Use negative signs with answers, when appropriate. Balance Sheet Cash Noncash Transaction Asset + Assets - Liabilities + June 1 0 0 0 2 0 0 0 3 0 0 0 6 0 0 0 11 0 0 0 17 0 0 19 0 0 25 0 0 30 0 0 30 0 0 0 0 0 0 0 0 0 o o o o o o o o o o o o o o o o o o o o o c