Question: Please help me with figuring out the required elements of the question and putting them into Excel. income for the year! operates the Mica 6

Please help me with figuring out the required elements of the question and putting them into Excel.

Please help me with figuring out the required elements of the question

and putting them into Excel. income for the year! operates the Mica

income for the year! operates the Mica 6 P3-12A. Transaction Analysis, Trial Balance, and Financial Statements Angela Mica operates Dance Studio. On June 1, the business's general ledger contained the following information $ $ 5,930 8,400 Cash....... Accounts receivable...... 480 Accounts payable.... Notes payable....... Common stock ....... Retained earnings ...... 3,980 7,870 2,000 $14,330 $14,330 The following transactions occurred during the month of June: 1 Paid June rent for practice studio, $875. 2 Paid June piano rental, $240 (Rent Expense). 3 Collected $5,320 from students on account. 4 Borrowed $1,500 and signed a promissory note payable due in six months. 5 Billed students for June instructional fees, $7,500. 6 Paid interest for June on notes payable, $30. 7 Paid $375 for advertising ballet performances. 8 Paid costume rental, $550 (Rent Expense). 9 Collected $2,100 admission fees from ballet performances given during the month. 10 Paid $480 owed on account. 11 Received invoice for June utilities, to be paid in July, $510. 12 Paid stockholders $900 cash as a dividend. 13 Purchased piano for $5,500 cash, to be used in business starting in July. Required a. Set up accounts for the general ledger with June 1 balances and enter the beginning balances. Also provide the following accounts: Piano; Dividends; Instructional Fees Earned; Performance Revenue; Rent Expense; Utilities Expense; Advertising Expense; and Interest Expense. Record the listed transactions in the accounts. b. Prepare a trial balance as of June 30. C. Prepare an income statement for the month of June

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