PLEASE HELP WITH ACOUNTING EQUATION AND JOURNAL ENTRIES

Transaction Entries Creative Designs, a firm providing art services for advertisers, began business on June 1. The following accounts in its general ledger 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 Salaries Expense. June 1 Lisa Ryan invested $21,000 cash to begin the business she received common stock for her investment 2 Paid rent for June, $1,850. 3 Purchased office equipment on account, $7,300. 6 Purchased art materials and other supplies costing $4,700: paid $2,700 down with the remainder due within 30 days 11 Biled cierts for services, $9,800. 17 Collected S4150 from cients on account. 19 Paid $3,900 on account to office equipment company (see june 3 transaction). 25 Lisa Ryan received a $2,900 dividend. 30 Paid utility bill for june, $1,250. 30 Paid salaries for june, $3,400 Accounting Equation Journal Entries a. Using the accounting equation, record each of the transactions in columnar format. Use negative signs with your answers, when appropriate. + Accounts Receivable + Cash + Office Equipment- Accounts Payable + Common Stock + Retained Earnings Supplies June 1s 24 3. 11 17 19 25 30 30 Check O Save Answers Previous Type here to search b.Use journal entries to record the transactions for June in the general journal. Description Date Debit Credit June %24 Owner purchased common stock for cash. Paid June rent. 3. Purchased office equipment on account. Cash Purchased supplies; paid down payment with balance due in 30 days. 11 Billed clients for services. Collections from clients on account. 19 Payment on account. 25 P Type here to search 17 Collections from clients on account. 19 Payment on account. 25 Dividend paid to shareholders. 30 Paid utilities bill for June. 30 Paid salaries for June. Check O Previous A Save Answers P Type here to search