Parsons Fashion Designers was started on June I. The following transactions of the company occurred during June: Parsons started the business by investing dollar 18,000 cash. Land and an office building were acquired at a cost of dollar5,000 and dollar18,000. respectively. The company paid dollar6,000 down and signed a note for the remaining balance of dollar 17,000. The note is due in two years. Design equipment was purchased. The cash price of dollar2,600 was paid by writing a check to the supplier. Office supplies totaling dollar250 were purchased on credit The amount is due in 30 days. A one-year fire insurance policy was purchased for dollar800. Fashion design commissions (fees) of dollar1,200 were collected from clients for June. An assistant's salary of dollar600 was paid for June. E. Parsons withdrew dollar500 from the company for personal use. Utility bills totaling dollar 150 for June were received and will be paid in early July. Required: (I) Using the accounting system shown in the chapter, record the preceding transactions. Prove the equality of the accounting equation at the end of June. List the source documents that you would normally use in recording each of the transactions