Reference no: EM132987309

Creative Designs, a firm providing art services for advertisers, began business on June 1, 2015. The following transactions occurred during the month of June.

June 1: Anne Clem invested $12,000 cash to begin the business in exchange for common stock.
June 2: Paid $950 cash for June rent.
June 3: Purchased $6,400 of office equipment on account.
June 6: Purchased $3,800 of art materials and other supplies; paid $1,800 cash with the remainder due within 30 days.
June 11: Billed clients $4,700 for services rendered.
June 17: Collected $3,250 cash from clients on their accounts.
June 19: Paid $3,000 cash toward the account for office equipment suppliers (see June 3).
June 25: Paid $900 cash for dividends.
June 30: Paid $350 cash for June utilities.
June 30: Paid $2,500 cash for June salaries.

Problem a. Record the below transactions for June using the financial statement

Problem b. Record the transactions for June in journal entry form.

Problem c. Post the transactions to the appropriate T-accounts. (For each T-account, enter answers in the in the first available space debit or credit space, as appropriate