The following transactions occurred during the month for Tori Pe CPA (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 joumal (Record tits then credits Exclude explanations from journal entries) June 1: Peel opened an accounting firm by contributing $15,400 cash and office fumiture with a fair market value of $5,200 in exchange for common stock. Prepare a compound entry Date Jun. 1 Cash Office Furniture Common Stock June 5 Paid monthly rent of $1,000 Date Jun Accounts Pest. Ref 110 Debit Credit 15400 More info 140 5200 310 20000 Jun. 1 Peel opened an accounting fem by contributing $15,400 cash and office tummure with a far market value of $5,200 in exchange for common stock Jun 5 Paid monthly rent of $1,000 Jun. 9 Purchased office supplies on account 1000 Accounts Post Ret Debit Credit Jun 14 Paid employee's salary $1400 Jun. 18 Received a bill for ues to be paid next month, $350 Jun 21 Paid $400 of the accounts payable created on June 0. Jun, 25 Performed accounting services on account, $5.800 Jun 28 Paid cash dividends of $7.100 June 9 Purchased office supplies on account, $800. Date Accounts Post Ref Debit Credi Print Done