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PROBLEM 2 - 2 B J . Carrie established Carrie Photo Tours during June of this year:The accountant prepared the following chart of accounts:AssetsRevenueCashIncome from

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PROBLEM 2-2B J. Carrie established Carrie Photo Tours during June of this year:The accountant prepared the following chart of accounts:AssetsRevenueCashIncome from ServicesComputer SoftwareOffice EquipmentNeon SignLiabilitiesAccounts PayableExpensesWages ExpenseRent ExpenseSupplies ExpenseAdvertising ExpenseUtilities ExpenseMiscellaneous ExpenseOwner's EquityJ. Carrie, CapitalJ. Carrie, DrawingThe following transactions occurred during the month of June:a. Carrie deposited $30,000 cash in a bank account in the name of the business.b. Bought office equipment for cash, $1,850, Ck. No.1001.c. Bought computer software from Morey's Computer Center, $640, paying $350 in cash and placing the balance on account, Ck. No.1002.d. Paid current month's rent, $950, Ck. No.1003(Rent Expense).e. Sold services for cash, $1,575(Income from Services).Bought a neon sign from The Sign Company, $1,335, paying $435 in cash and placing the balance on account, Ck. No.1004.g. Received bill from The Gossiper for advertising, $445(Advertising Expense).h. Bought supplies on account from City Supply, $460.i. Received and paid the electric bill, $380, Ck. No.1005.j. Paid on account to The Gossiper, a creditor, $245, Ck. No.1006.k. Sold services for cash, $3,474.1. Paid wages to an employee, $930, Ck. No.1007.m. Carrie invested his personal computer (Office Equipment) with a fair market value of $1,000 in the business.n. Carrie withdrew cash for personal use, $800, Ck. No.1008.0. Received and paid the bill for city business license, $75, Ck. No.1009(Miscellaneous Expense).Required1. Record the owner's name in the Capital and Drawing T accounts.2. Correctly place the plus and minus signs for each T account, and label the debit and credit sides of the accounts.3. Record the transactions in the T accounts. Write the letter of each entry to identify the transaction.4. Foot the T accounts and show the balances.5. Prepare a trial balance, with a three-line heading, dated June 30,20-
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