Tom Pryor formed a management consulting firm specializing in cost management systems. Below are the transactions that occurred during the initial month of operation.

Pryor consulting uses the following accounts:

Cash Accounts Receivable Equipment Accounts Payable Capital Stock Revenues Salary Expense Rent Expense Travel Expense Supplies Expense Dividends

(a) Journalize the listed transactions.

(b) Post the transactions to the appropriate general ledger accounts.

(c) Prepare atrial balance as of June 30.

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June 2 June 3 Tom Pryor invested $25,000 cash in the capital stock of the newly formed corporation. Hired an administrative assistant, to be paid $3,000 per month. Leased office space at the rate of $1,000 per month. Signed a contract with Pomero to deliver consulting services valued at $7,500. Purchased (and immediately used) office supplies on account for $750. Received $2,500 from Pomero for work performed to date. June 8 June 9 June 15 Paid $1,200 for travel costs associated with consultation work. June 16 Provided services on account to Arpy for $3,000. June 17 June 23 June 25 June 26 June 27 June 27 June 28 June 30 Paid $1,500 to administrative assistant for salary. Billed Farris for $4,000 consulting engagement performed. The company paid Tom Pryor a $1,000 dividend. Collected 50% of the amount due for the billing on June 23. Purchased computer furniture for $4,000, paying $1,000 down. Paid $750 on the open account relating to the June 8 purchase. Completed the Pomero job and billed the remaining amount. Paid $1,500 to administrative assistant for salary. June 30 Paid rent for June, $1,000.