Selected transactions for King Real Estate Agency during its first month of business follow: June 1 Samantha King opened King Real Estate Agency with an investment of $14,130 cash and $3,300 of equipment. 2 Paid $1,310 for a one-year insurance policy. 3. Purchased additional equipment for $4,370, paying $915 cash and signing a note payable for the balance. 10 Received $230 cash as a fee for renting an apartment. 16 Sold a house and lot for B,5mith. The commission due from 5 mithis $7.830 ( (it is not paid by 5 mith at this time) 27. Paid $620 for advertising to run during June. 29 Received an $65 bill for telephone secvice during the month of June. (The bill is paid in July.) 30 Paid an administrative assistant \$2.340 in salary for June 30 Received $7.830 cash from B. Smith for the June 16 transaction. Journalize the transactions. (Credit account titles are automotically indented when amount is entered. Do not indent manuolly II no entry is required, select "No Entry" for the occount tities and enter O for the amounts. Record joumal entries in the order presented in the problem. List all debit entries before credit entries) (To record the salary paid) (Torecord the cashrecelved) 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 conslder. (Post entries in the onder of joumal entrles presented in the previous part, Select the dote for closing bolances even in cose of zero balance. If ending bolance is 0 , enter O on the normal side for the account.) Prepaid Insurance Equipment Notes Payable Accounts Payable 5. King, Capital Service Revenue Salaries Expense Advertising Expense Telephone Fxpense