Page of 2 ZOOM + Press esc to exit full screen Accounting 2101 Ch. 2 Assignment ournalizing, Posting, Trial Balance and Financial Statements Instructions: Journalize the following transactions. Post transactions to T-Accounts, prepare a trial balance, and then prepare an income statement, a retained earnings statement, and a balance sheet June 1: Stockholders purchased $30,000 of common stock June 4: Purchased supplies on account, $800 June 4: Paid cash for a 1-year insurance policy, $2400 June 6: Received cash for services provided, $3800 June 8: Provided services on account, $4500 June 8: Paid utilities, $1800 June 12: Incurred advertising costs on account: $750 June 28: Purchased equipment, $10000, paying $2500 and the remainder on account June 29: Paid dividends, $3000 June 29: Signed a 12-month, 6%, $12,000 note at State Bank June 30: Received cash for services provided, $2900