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The following transactions occurred during the month for Ton Peel, 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 Explanations are not required for the journal entries. Keep a running balance in each account. Assume the journal entries are recorded on page 10 of the journal (Record debits first, then credits Exclude explanations from journal entries) Begin by journalizing the transactions June 1 Peel opened an accounting firm by contributing $13,900 cash and office furniture with a fair market value of $5,400 in exchange for capital. Prepare a compound entry Date Accounts and Explanation Debit Credit Jun 1 More Info Jun. 1 Peel opened an accounting firm by contributing $13,900 cash and office furniture with a fair market value of $5,400 in exchange for capital Jun. 5 Paid monthly rent of $1,300 Jun. 9 Purchased office supplies on account, $800 Jun. 14 Paid employee's salary, $1,900 Jun. 18 Received a bill for utilities to be paid next month $350 Jun. 21 Paid S600 of the accounts payable created on June 9 Jun. 25 Performed accounting services on account $5700 Jun. 28 Peel withdrew cash of $7.200. Requirements 1. The following four-column accounts of Tori Peel, CPA have been opened for you Cash, 110, Accounts Receivable, 120, Office Supplies, 130, Office Furniture, 140, Accounts Payable, 210, Utilities Payable, 220, Peel, Capital, 310, Peel, Withdrawals, 320, Service Revenue, 410, Salaries Expense, 510; Rent Expense, 520; Utilities Expense, 530 Journalize the transactions, and then post the journal entries to the four-column accounts. Explanations are not required for the journal entries Keep a running balance in each account. Assume the journal entries are recorded on page 10 of the journal 2. Prepare the trial balance as of June 30, 2024