P1-7B (p. 44) - Preparing Journal Entries, Posting, and Preparing Trial Balance
	1) Analyze transaction information to
	determine the accounts involved and
	determine the normal balance of each
	account, and determine whether account
	should be increased or decreased.
	2) Record transaction in general journal.
	3) Post to General Ledger.
	4) Prepare a Trial Balance.

Nina Niko launched a new business, Niko's Maintenance Co., that began operations on June 1. The following transactions were completed by the company during that first month.

1 Nina Niko invested $130,000 cash in the company in exchange for its common stock 2 The company rented a furnished office and paid $6,000 cash for June's rent 4 The company purchased $2,400 of equipment on credit 6 The company paid $1,150 cash for this month's advertising of the opening of the business 8 The company completed maintenance services for a customer and immediately collected $850 cash 14 The company completed $7,500 of maintenance services for City Center on credit 16 The company paid $800 cash for an assistant's salary for the first half of the month 20 The company received $7,500 cash payment for services completed for City Center on June 14 21 The company completed $7,900 of maintenance services for Paula's Beauty Shop on credit 24 The company completed $675 of maintenance services for Build-It Coop on credit 25 The company received $7,900 cash payment from Paula's Beauty Shop for the work completed on June 21 26 The company made payment of $2,400 cash for equipment purchased on June 4 The company paid $800 cash for an assistant's salary for the second half of this month. 29 The company paid $4,000 cash in dividends to the owner (sole shareholder) 30 The company paid $150 cash for this month's telephone bill 30 The company paid $890 cash for this month's utilities June 28