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No. PART II - JOURNAL ENTRIES (26 points) The ledger accounts given below, with an identification number for each, are used by Wynne Company. Instructions:

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No. PART II - JOURNAL ENTRIES (26 points) The ledger accounts given below, with an identification number for each, are used by Wynne Company. Instructions: Indicate the appropriate entries for the month of June by placing the appropriate identification number(s) in the debit and credit columns provided. (Item O is given as an example. Write "none" if no entry is appropriate.) 1. Cash 7. Salaries Payable 13. Service Revenue 2. Accounts Receivable 8. Accounts Payable 14. Equipment Expense 3. Supplies 9. Uneamed Service Revenue 15. Advertising Expense 4. Prepaid Salaries 10. Notes Payable 16. Supplies Expense 5. Prepaid Advertising 11. H. Wynne, Capital 17. Rent Expense 6. Equipment 12. H. Wynne, Drawing 18. Salaries Expense Entry Account(s) Account(s) Entry Information Debited Credited 0. June 1 H. Wynne invested $25,000 in the business 1. June 4 Paid a supplier $2,000 cash on account. 2. June 5 Equipment was purchased at a cost of $5,000; a 3 month, 12% note payable was signed for this amount. 3. June 8 Received $7,000 from customers for services rendered during the week. 4. June 10 Wynne agreed to hire B. Kiner as an assistant. She will be paid at the rate of $4,000 monthly, receiving $2,000 on the 15th and 30th of each month. She will begin work June 16. 5. June 14 Paid $400 cash to the Daily News for advertisements run this past week. 6. June 16 B. Kiner began work. 7. June 19 Paid $2,000 in cash to Santo Company for June rent. 8. June 25 Additional office supplies were purchased on account at a cost of $1,000 from Supply Company. These supplies will be used within the month. 9. June 26 Paid the Daily News $400 for an advertisement that will run the first week in July 10. June 27 Received $9,000 from customers for services to be rendered early in July. 11. June 28 Billed customers $6,000 for services rendered but not collected during June. 12. June 30 Wynne withdrew $900 for personal use. 13. June 30 B. Kiner was paid $2,000 cash for her salary

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