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Problem 2-62A Instructions 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 $1,350 ). Then, post the June transactions to the T-accounts. 3 Compute the balance in each account. Financial Accounting Problem 2-62A, Obj. 1 Analyze the impact of business transactions on accounts; ecord (journalize and post) transactions in the books Students: Please fill-in areas that are shaded. This template uses drop-down menus to select accounts. During June 20X6, Mason Resources completed these transactions: a. The business received cash of $8,100 and issued ordinary shares. b. Performed services for a customer and received cash of $7,200. c. Paid $5,100 on accounts payable. d. Purchased supplies on account, $700. c. Collected cash from a customer on account, $1,000. f. Consulted on the design of a computer system and billed the customer for services rendered, $2,400. g. Recorded the following business expenses for the month: (1) paid office rent $1,200; (2) paid advertising $900. h. Declared and paid a cash dividend of $1,400. Mason Resources uses the following accounts: Cash, Accounts Receivable, Supplies, Land, Accounts Payable, Share Capital, Retained Earnings, Dividends, Service Revenue, Rent expense, and Advertising Expense. Requirement 2; Chart of Accounts See listing above Requirement 3: Determine balance in Accounts How much Cash? Total amount owed