Set up T accounts for Cash; Accounts Receivable; Supplies; Accounts Payable; Common Stock; Dividends; Professional Fees; and Operating Expenses. Required: (a) In the T accounts, record the following transactions of Potter Pool Services for June, identitying each entry by number: (1) Shareholders invested $12,500 cash in the business by purchasing common stock. (2) Purchased supplies on account, $6,250. (3) Paid operating expenses, $5,500. (4) Billed clients for fees, $7,440. (5) Received cash from cash clients, $4,700. (6) Paid creditors on account, $1,400. (7) Received $3,100 from clients on account. (8) Paid $1,500 cash dividends (b) Prepare a trial balance as of June 30 for Potter Pool Services. (c) Assuming that supplies expense (which has not been recorded) amounts to $1,500 for June, determine the following: (1) Net income for the month. (2) Stockholders' equity as of June 30. T-Accounts In the T accounts, record the following transactions of Potter Pool Services for June, identifying each entry by number: Shareholders invested $12,500 cash in the business by purchasing common stock. Purchased supplies on account, $6,250. (Paid operating expenses, $5,500 (4) Billed clients for fees, $7,440. (5) Received cash from cash clients, $4,700 Paid creditors on account, $1,400. Received $3,100 from clients on account. (6) Paid $1,500 cash dividends. Cash Bal. Accounts Receivable Bal. Supplies Accounts Payable Bal Common Stock Dividends Trial Balance b. Prepare a trial balance as of June 30 for Potter Pool Services Potter Pool Services ADJUSTED TRIAL BALANCE June 30, 20 ACCOUNT TITLE CREDIT 1 Cash 2Accounts Receivable Supplies 4Accounts Payable $ Common Stock 6Dividends 7Professional Fees Operating Expenses Totals Instructions T-Accounts Trial Balance Analysis Analysis e. Assuming that supples expense (which has not been recorded) amounts to $1.500 for June determine the foilowing: 1. Net income for the month 2. Stockholders equity as of June 30.S