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 record the transactions for June: Cash: Accounts Receivable, Supplies Office Equipment Accounts Payable. Common Stock Dividend: Service Fees Eamed Rent Expense: Utilities Expense and Salaries Expeme June 1 La Ryan invested 520,000 cash to in the business she received common stock for her investment 2 Paident for june 61.750 3 Purchased office equipment on account 57.200. 6 Purchased materials and other supplies contine 54.600 paid $2.600 down with the remainder due days Biled clients for services, 59,500 17 Collected SOS from cients on account 19 Paid 33.000 on account to office equipment company ane 3 transaction 25 Lhayan received 52.600 dividend 30. Padilly for $1.150 30 Paid salaries forne, 53300 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 Accounts Payable. Commen Stock Retained Earnings June 1 . 11 17 19 25 Description Debit Credit Date June 1 $ Billed clients for services. 17 41 Collections from clients on account. 19 . Payment on account. 25 4 Dividend paid to shareholders. 30 Paid utilities bill for June. 30 Paid salaries for June