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Selected transactions for Williams Real Estate Agency during its first month of business follow:June 1 Samantha Williams opened Williams Real Estate Agency with an investment

Selected transactions for Williams Real Estate Agency during its first month of business follow:June 1 Samantha Williams opened Williams Real Estate Agency with an investment of $14,790 cash and $2,930 of equipment.2 Paid $1,290 for a one-year insurance policy.3Purchased additional equipment for $4,150, paying $780 cash and signing a note payable for the balance.1016Received $470 cash as a fee for renting an apartment.Sold a house and lot for B. Jones. The commission due from Jones is $7,330.(It is not paid by Jones at this time.)2729Paid $845 for advertising, to run during June.Received an $75 bill for telephone service during the month of June. (The bill is paid in July.)30 Paid an administrative assistant $2,500 in salary for June.30 Received $7,330 cash from B. Jones for the June 16 transaction.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.

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