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Question 6 - Proctoring Enat X https://getproctorio.com/secured#lockdown D roctoring Enabled: Mid-Point Exam (Ch 1-6) i Saved Help Save Che 6 DATE TRANSACTIONS June 1 Zenna Brown invested $34,000 cash to start the business. June 2 Issued Check 201 for $2,240 to pay the June rent for the office. Note: Although normally you would debit Prepaid Rent, debit Rent Expense instead because you are preparing the income statement at the end of the month and all of the prepaid rent would be expired or would now be an expense. This is normally achieved through an adjusting entry debiting Rent Expense and crediting Prepaid Rent. June 3 Purchased desk and other office furniture for $9,960 from Office Interiors and Supplies, Invoice 3015; issued Check 202 for a $1,960 down payment with the balance due in 30 days. June 4 Issued Check 203 for $1, 650 for supplies. June 6 Performed services for $8, 400 in' cash. June 7 Issued Check 204 for $7, 840 to pay for advertising expense. June 8 Purchased recording equipment for $12, 150 from Ultra Sounds Unlimited, Invoice 2222; issued Check 205 for a down payment of $4, 100 with the balance due in 30 days. June 10 Performed services for $6, 160 on account. June 11 Issued Check 206 for $3, 150 to Office Interiors and Supplies as payment on account. June 12 Performed services for $11, 100 in cash. June 15 Issued Check 207 for $6,570 to pay employees salaries. June 18 Received payments of $3,560 from credit clients on account. June 20 Issued Check 208 for $5, 760 to Ultra Sounds Unlimited as payment on account. June 25 Issued Check 209 in the amount of $330 for the monthly telephone bill. June 27 Issued Check 210 in the amount of $920 for the monthly electric bill. June 28 Issued Check 211 to Zenna Brown for $5,350 for personal living expenses. June 30 Issued Check 212 for $6,510 to pay the employees salaries. Required: 1. Prepare the journal entries for the above transactions. 2. Post the above transactions to the ledger accounts. 3. Prepare a trial balance. 4. Prepare the income statement. 5. Prepare a statement of owner's equity. 6. Prepare the balance sheet. Analyze: How many postings were made to the Cash account? Graw