Prepare journal entered for the attached transactions
Chapter1: Financial Statements And Business Decisions
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Prepare journal entered for the attached transactions

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TansactiON ATTaiysIS and al Dalance
Mary Aker opened a tax practice on June 1. The following accounts will be needed to record her transactions for Ju
Library; Office Furniture and Fixtures; Accounts Payable; Notes Payable; Common Stock; Dividends; Professional F
Expense; Utilities Expense; and Interest Expense. The following transactions occured during the month of June:
June 1 Aker opened a business checking account at a local bank, investing $16,000 in her practice in exchange for common stock.
2 Purchased office furniture and fixtures for $9,800, paid $2,800 cash, and gave a note payable for the balance.
3 Purchased books and software for a tax library on account, $3,700.
4 Purchased office supplies for cash, $560.
5 Paid rent for June, $750.
6 Returned $300 of books with defective bindings. The return reduced the amount owed to the supplier.
7 Billed clients for professional services rendered, $7,600.
8 Paid $1,700 on account for the library items purchased on June 3.
9 Collected $5,900 on account from clients billed on June 7.
10 Paid June salaries, $2,900.
11 Received invoice for June advertising, to be paid in July, $300.
12 Paid stockholders $800 cash as a dividend.
13 Paid utilities for June, $160.
14 Paid interest for June on note payable, $60.
equired
Prepare journal entries and record the above transactions in T-accounts, and key entries with the number of
Prepare a trial balance as of June 30,
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