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Task: L. Create journal entries for...

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Accounting

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Task: L. Create journal entries for the following transaction 2. Draw up a T-account for each account affected by transactions 3. Calculate normal balances for all T-accounts Transactions: June, 1: Student Co. received fees earned from customers, S/20,000 June, 2: Purchased office equipment on credit, $45,000; June, 6: The owner invests $170,000 cash into business June, 8: Purchased office supplies on account, $2,500; June, 9: Purchased land for a future building site, $80,000; June, 13: Paid office rent for one month, $5,500; June, 16: Received cash $4,100 from a customer for interest earned; June, 18: Paid utilities expense for the month of February, $700; June, 19: The owner withdraws $3,000 from the business June, 20: Purchased inventory, $5,000; June, 21: Paid creditors on account, $5,500; June, 24: Paid advertising expense, $500; June, 25: Services provided on account, $23,000; June, 28: Paid creditors on account, $20,000; June, 29: Paid salaries bill, $23,900. June 30, Received $10,000 on account from customers

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