Question: (Learning Objectives 2, 3: Recording transactions; posting) This problem can be used in conjunction with Problem 2-61A. Refer to Problem 2-61A. Requirements 1. Journalize

(Learning Objectives 2, 3: Recording transactions; posting) This problem can be used in conjunction with Problem 2-61A. Refer to Problem 2-61A.

❙ Requirements 1. Journalize the June transactions of Mason Resources, Inc. Explanations are not required.

2. Prepare T-Accounts for each account. Insert in each T-account its May 31 balance as given (example: Cash $1,150). Then, post the June transactions to the T-Accounts.

3. Compute the balance in each account.

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