The following transactions occurred during the month for Teresa Parker, CPA: A (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the transactions and then post the journal entries to the four-column accounts. Keep a running balance in each account. Assume the journal entries are recorded on page 10 of the journal. (Record debits first, then credits. Exclude explanations from journal entries.) Begin by journalizing the transactions. June 1: Parker opened an accounting firm by contributing $13,200 cash and office furniture with a fair market value of $5,300 in exchange for common stock. Prepare a compound entry. Accounts Debit Credit Jun. 1 * More Info 1 Parker opened an accounting firm by contributing $13,200 cash and office furniture with a fair market value of $5,300 in exchange for common stock. 5 Paid monthly rent of $1,300. 9 Purchased office supplies on account, $600. 14 Paid employee's salary, $1,900. 18 Received a bill for utilities to be paid next month, $370. 21 Paid $500 of the accounts payable created on June 9. 25 Performed accounting services on account, $5,700. 28 Paid cash dividends of $6,700. Requirements The following four-column accounts of Teresa Parker, CPA have been opened for you: Cash, 110; Accounts Receivable, 120; Office Supplies, 130; Office Furniture, 140; Accounts Payable, 210; Utilities Payable, 220;- Common Stock, 310; Dividends, 320; Service Revenue, 410; Salaries Expense, 510; Rent Expense, 520; and Utilities Expense, 530, Journalize the transactions and then post the journal entries to the four-column accounts. Explanations are not required for the journal entries. Keep a running balance in each account. Assume the journal entries are recorded on page 10 of the journal. Prepare the trial balance as of June 30, 2018, Print Done