CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 2 Tries remaining: 1 Marked out of 6.00 Transaction Entries Flag question Creative Designs, a firm providing art services for advertisers, began business on June 1. The following accounts in its general ledger are needed to record the transactions for June: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock Dividends; Service Fees Earned; Rent Expense; Utilities Expense; and Salaries Expense. a. Using the accounting equation, record each of the transactions in columnar format. b. Use journal entries to record the following transactions for june in the general journal. June 1 Lisa Ryan invested $14,000 cash to begin the business; she received common stock for her investment. 2 Paid rent for june, $1,150. 3 Purchased office equipment on account, $6,600. 6 Purchased art materials and other supplies costing $4,000; paid $2.000 down with the remainder due within 30 days. 11 Billed clients for services, $6,900 17 Collected $3,450 from clients on account. 19 Paid $3,200 on account to office equipment company (see june 3 transaction). 25 Lisa Ryan received a $2,200 dividend. 30 Paid utility bill for june, s550. 30 Pald salaries for June, $2,700. Accounts Supplies Receivable office Equipment Common Stock Accounts Cash+ Payable