LO2 M3-21. Journalizing Transactions in Template, Journal Entry Form, and T-Accounts Creative Designs, a firm providing art services for advertisers, began business on June 1,2015. The following transactions occurred during the month of Junc. June Anne Clem invested $12,000 cash to begin the business in exchange for common stock 2 Paid $950 cash for June rent. Chapter 3 Adjusting Accounts for Financial Statements131 Purchased $6,400 of office equipment on account 6 Purchased S3,800 of art materials and other supplies; paid $1,800 cash with the remainder June 3 due within 30 days. 11 Billed clients $4,700 for services rendered. 17 Collected $3,250 cash from clients on their accounts 19 Paid S3,000 cash toward the account for office equipment suppliers (see June 3). 25 Paid S900 cash for dividends. 30 Paid $350 cash for June utilities 30 Paid S2,500 cash for Junc salaries REQUIRED a. Record the above transactions for June using the financial statement effects template b. The following accounts in its gen eral ledger are needed to record the transactions for June Cash; Accounts Receivable; Supplies; Office Equipment: Accounts Payable; Common Stock Retained Earnings; Service Fees Eaed; Rent Expense Utlities Expense; and Salaries Expense. Record the above transactions for Junc in journal entry form c. Set up T-accounts for each of the ledger accounts and post the entries to them (key the num bers in T-accounts by date)