Question: Need help how to figure this out. Preparing Journal Entries and Posting K. Daniels started Daniels Services, a firm providing art services for advertisers, on

Need help how to figure this out.
Need help how to figure this out. Preparing Journal Entries and Posting
K. Daniels started Daniels Services, a firm providing art services for advertisers,
on June 1. The following accounts are needed to record the transactions

Preparing Journal Entries and Posting K. Daniels started Daniels Services, a firm providing art services for advertisers, on June 1. The following accounts are needed to record the transactions for June: Cash: Accounts Receivable; Supplies; Office Equipment, Accounts Payable; Common Stock Dividends: Service Fees Eamed; Rent Expense; Utilities Expense; and Wages Expense. Prepare a journal entry for each transaction June 1 K Daniels invested $12,000 cash to begin the business in exchange for common stock 2 Paid $950 cash for June rent.Hint: Record rent expense on June 2. 3 Purchased $6,400 of office equipment on credit 6 Purchased $3,800 of art materials and other supplies, the company paid $1,800 cash with the remainder due within 30 days 11 Billed clients $4,700 for services rendered. 17 Collected $3,250 cash from clients on their accounts billed on June 11. 19 Paid $5,000 cash toward the account for office equipment (see june 3). 25 Paid $900 cash for dividends. 30 Paid $350 cash for June utilities 30 Paid $2,500 cash for June wages. Prepare a journal entry for each transaction. (Record each transaction in the order it appears.) GENERAL JOURNAL Description Debit Credit Date Prepare a journal entry for each transaction. (Record each transaction in the order it appears.) GENERAL JOURNAL Description Debit Credit Date June 1 June 2 4) June 3 June 6 Cash June 11 e June 17 June 19 June 25 e June 30 June 30

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