Ats Liablos + Soldes Equity Supple A Povable La + Eating 100 1390 ILW 7900 3001 1. The following amounts summarize the financial position of Davis Resources on May 31, 2016: During June, 2016, the business completed these transactions: a. The business received cash of $8,900 and issued common stock b. Performed services for a customer and received cash of $6,300. c. Paid $4,100 on accounts payable. d. Purchased supplies on account, $700. e. Collected cash from a customer on account, $200. f. Consulted on the design of a computer system and billed the customer for services rendered, $2,400 g. Recorded the following expenses for the month: (1) paid offi ce rent_$1,300; (2) paid advertising --$1,000 h. Declared and paid a cash dividend of $2,000. Requirements 1. Journalize the June transactions and prepare T-accounts for each account and calculate its balance. 2. Prepare Trial Balance at June 30, 2016. 3. Prepare the income statement of, Davis Resources Inc., for the month ended June 30, 2016. 4. Prepare the statement of retained earnings of, Davis Resources Inc., for the month ended June 30, 2016. 5. Prepare the balance sheet of, Davis Resources Inc., at June 30, 2016