$($This problem is adapted from Problem $4$B$-2,$ part $2,$ in your text.$)$

Cactus Company's annual accounting year ends on June $30.$ It is June $30,2017,$ and all of the $2017$ entries except

year$-$end adjusting journal entries, and the entry to record dividends, have been made. Cactus Company is a

service company and has two sources of revenue: Service and Maintenance. Because there are no sales of

inventory, the Income statement does not contain a line for Gross profit, but does contain a line for Total

revenues $($the sum of Service revenue and Maintenance revenue$).$

Each of the remaining sheets in this file contains $1)$ a description of a transaction and $2)$ a partially completed

balance sheet, income statement, and statement of retained earnings. Transactions A through $H$ require adjusting

entries on June $30,2017$; transaction I requires an entry to record dividends declared and paid. For each

transaction, show how recording the necessary entry would change the financial statements. Each transaction is

independent, so you can work through the file in any order you like. All changes are entered in the blue cells on

the statements. Each statement has two columns. Values in the first column are selected from a drop$-$down menu.

For a given transaction, there may be several $($or even many$)$ blue cells that do not need to be changed.