1-12B. Transaction Dance Studio. On June 1, the studio's general ledger contained the following information: Analsis, Trial Balance, and Financial Statements Kate Miller operates the Mil ler LO3, 4, 5, e Cash 3,000 11,870 17,420 Notes payable $28,350 $28,350 The following transacionce ding the month of June: June 1 Paid June rent for practice studio, $2,075. 2 Paid June piano rental, $800 (Rent Expense). 3 Collected $14,320 from students on account. 4 Borrowed $6,500 and signed a promissory note payable due in six months. 5 Billed students for June instructional fees, $9,600. 6 Paid interest for June on the outstanding notes payable, $90. 7 Paid $550 for advertising ballet performances. 8 Paid costume rental, $800 (Rent Expense). 9 Collected $6,100 admission fees from ballet performances given during June. 10 Paid $780 owed on account. 11 Received invoice for June utilities, to be paid in July, $480. 12 The studio paid stockholders a cash dividend of $850. 13 Purchased piano for $6,000 cash, to be used in business starting in July Required a. Set up accounts for the general ledger with June 1 balances and enter the beginning balances. Also provide the following accounts: Piano; Dividends; Instructional Fees Earned; Performance Revenue; Rent Expense; Utilities Expense; Advertising Expense; and Interest Expense. Record the listed transactions in the accounts. b. Prepare a trial balance as of June 30 c. Prepare an income statement for the month of June. d. Prepare a statement of stockholders' equity for the month of June. e. Prepare a balance sheet as of June 30. f Prepare closing entries. g Prepare a post-closing trial balance