Transaction Entries Unique 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; Dividends; Service Fees Earned; Rent Expense; Utilities Expense; and Salaries Expense.

a$.$ Using the accounting equation, record each of the transactions in columnar format.

b$.$ Use journal entries to record the following transactions for June in the general journal.

June $1$ Emily Holmes invested $$8,000$ cash to begin the business; she received common stock for her investment.

$2$ Paid rent for June, $$375.$

$3$ Purchased office equipment on account, $$2,800.$

$6$ Purchased art materials and other supplies costing $$2,500$; paid $$900$ down with the remainder due within $30$ days.

$11$ Billed clients for services, $$4,750.$

$17$ Collected $$2,600$ from clients on account.

$19$ Paid $$2,000$ on account to office equipment company $($see June $3$ transaction$).$

$25$ Emily Holmes received a $$750$ dividend.

$30$ Paid utility bill for June, $$525.$

$30$ Paid salaries for June, $$2,750.$