Transaction Entries Creative Designs, a firm providing art services for advertisers, began business on June 1. The following accounts in its gener transactions for June: Cash Accounts Receivable; Supplies: Office Equipment: Accounts Payable; Common Stock; Dividends; Service Fees Earned; Rent Expense; Utilities Expense and Salaries Expense. June 1sa yan invested $18,000 cash to begin the business the received common stock for her investment 2 Paid rent for June, $1,550 3 Purchased office equipment on account, $7,000 Purchased art marerials and other supplies costing $4,400 paid $2,400 down with the remainder due within 30 days 11 led dents for services $400 17 Collected $3850 from dents on account 19 Paid $3.600 on account to office equipment company (see June 3 transactions 25 Lu Ryan received a $2,600 vidend 30 Paid unity bill for june, 1950 30 Pait salaries for June, $3,100 Accounting Equation: Journal Entries 3 O D US Sep B 9:05 A