Transaction Entries Creative Designs, a firm providing art services for advertisers, began business on June 1. The following accounts in its general ledger are needed to recond the transactions for June: Casty Account Receivable, Supplies Office Equipment; Accounts Payable: Common Stock Dividends Service Fees Earned Rent Expense Utilities Expense and Salaries Expense June 1Lisa Ryan invested $12,000 cash to begin the business the received common stock for her investment 2 Paid rent for june, $950 3 Purchased office equipment on account, 16,400 6. Purchased art materials and other supples costing $3.800 paid $1.800 down with the remander due within 30 days 11 led clients for services 10,000 17 Colected $3.250 from cents on account 19 Paid $3,000 on account to office equipment company the June 3 transactions 25 Lisa Ryan received a $2,000 dividend 30 Paid unity till for June, $350 30 Paid Salaries for June, 12.500 Accounting Equation Journal Entries ausing the accounting equation, record each of the transactions in columnar format Use negative signs with your answers when appropriate Cash Accounts Receivable Supplies Office Equipment Accounts Payable Common Stock Retained Earnings June 3 (6) 1 117 0 O 0 0 O Accounting Equation Journal Entries a. Using the accounting equation, record each of the transactions in columnar format Use negative signs with your answers, when appropriate Cash Accounts Receivable Supplies Office Equipment Acceants Payable Common Stock Retained Earnings June 2 0 0 0 0 0 3 0 0 0 0 6 0 0 0 11 0 0 0 17 D 0 0 0 d 19 0 0 0 0 0 25 0 0 0 30 0 D 0 D D 30 0 0 0 0 0-5 Please answer all parts of the question. b. Use journal entries to record the following transactions for June in the general journal. Date June 1 Description Owner purchased common stock for cash. 2 3 6 Paid June rent. 11 4 " Purchased office equipment on account. Cash 4 4 4 Purchased supplies; paid down payment with balance due in 30 days. 17 Billed clients for services. Collections from clients on account. 19 25 Payment on account. Debit Credit $ 0 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 " 4 4 OO 0 0 0 0 Dividend paid to shareholders. 30 + 0 0 30 Paid utilities bill for June. Paid salaries for June. Plearn 00 0 0 0 0