Jun. 1 Jun. 5 Jun. 9 Parker opened an accounting firm by contributing $13,200 cash and office furniture with a fair market value of $5,300 in exchange for common stock. Paid monthly rent of $1,300. Purchased office supplies on account, $600. Jun. 14 Paid employee's salary, $1,900. Jun. 18 Received a bill for utilities to be paid next month, $370. Jun. 21 Paid $500 of the accounts payable created on June 9. Jun. 25 Jun. 28 Performed accounting services on account, $5,700. Paid cash dividends of $6,700. June 1: Parker opened an accounting firm by contributing $13,200 cash and office furniture with a fair market value of $5,300 in exchange for common stock. Prepare a compound entry. Jun. 1 Accounts Debit Credit