Question 5 View Policies Show Attempt History Current Attempt in Progress Selected transactions for Polland Real Estate Agency during its first month of business follow: June 1 Samantha Polland opened Polland Real Estate Agency with an investment of $13,440 cash and $3,250 of equipment. 2 Paid $1,000 for a one-year insurance policy. 3 Purchased additional equipment for $4,200, paying $810 cash and signing a note payable for the balance. 10 Received $285 cash as a fee for renting an apartment. 16 Sold a house and lot to B. Rollins. The commission due from Rollins is $7,890. (It is not paid by Rollins at this time). 27 Paid $610 for advertising to run during June. 29 Received an $60 bill for telephone service during the month of June. (The bill is paid in July.) 30 Paid an administrative assistant $1,670 in salary for June. 30 Received $7,890 cash from B. Rollins for the June 16 transaction. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no Date Account Titles and Explanation Debit Credit June 14 S. Polland, Capital - Cash [ C June 24 ( 4 June 3 | Equipment Cash (Notes Payable ) June 10 Rent Expense Cash June 169 C A Unearned Revenue - June Advertising Expense Cash A June 29 Accounts Receivable Unearned Revenue 4 June 30 S. Polland, Drawings Casho LI COCA Open T accounts and post the journal entries to the general ledger. Note: Because this is the first year of business, there are no opening balances to consider. enter 0 on the normal side for the account.) Cash June 1 4 Accounts Receivable Prepaid Insurance Equipment Notes Payable Accounts Payable Accounts Payable S. Polland, Capital Service Revenue Salaries Expense Advertising Expense Telephone Expense