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Creative Designs, a firm providing art services for advertisers, began business on June 1. The...

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Accounting

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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 Dividends: Service Fees Earned: Rent Expense; Utilities Expenses and Salaries Expense. June 1 Lisa Ryan invested $12.000 cash to begin the business, she received common stock for her investment 2 Paid rent for June, 51,350 3 Purchased office equipment on account. 16.800 6 Purchased art materials and the suppliesco 1200 pa 2.200 down with the remainder due within 30 days 11 Biled clients for services 57,600 17 Collected $650 from chinson count 19 Paid $3.400 on account to office equipment company reune transaction 25 Lisa Ryan received a 12.400 vidend 30 Padbility bill for june 1750 30 Paid saarestore 12.00 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. Common Stock Retained Earnings June 18 3 6 11 17 19 25 30 5

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