1. On June 1. 2018. Lee established a proprietorship known as Music Depot. Using an extensive collection of music CDs, Lee will serve as a disc jockey on a fee basis for weddings, college partiesand other events. During June, Lee entered into the following transactions June 1 Deposited $8,000 ina checking account in the name of Music Depot 2 Received $2.400 from a local radio station for serving as the guest disc jockey for June 2 Agreed to share office space with a local real estate agency, Upstairs Realty Music Depot will pay one fourth of the rent. In addition Music Depot agreed to pay a portion of the salary of the receptionist and to pay one-fourth of the utilities. Paid $750 for the rest of the office 4 Purchased supplies (blank CDs, poster board, extension cords, etc) from City Office Supply Co. for $350. Agreed to pay $100 within 10 days and the remainder by July 5, 2018 6 Paid 5600 to a local radio station to advertise the services of Music Depot twice daily for two weeks 8 Paid $500 to a local electronics store for renting digital recording equipment 12 Paid $250 (music expense) to Cool Music for the use of its current music demos to make various music sets 13 Paid City Office Supply Co. $200 on account 16 Received $400 from a dentist for providing two music sets for the dentist to play for her patients 22 Served as disc jockey for a wedding party. The father of the bride agreed to pay $1,350 the 1st of July 25 Received $500 from a friend for serving as the disc jockey for a cancer charity ball hosted by the local hospital 29 Paid $240 (music expense) to Galaxy Music for the use of its library of music demos 30 Received $1,000 for serving as disc jokey for a local club's monthly dance 30 Paid Upstairs Realty $400 for Music Depor's share of the receptionist salary for June 30 Paid Upstairs Realty $300 for Music Depot's share of utilises for June 30 Paid miscellaneous expenses, $150 30 Paid $800 royalties (music expense) to National Music clearing for use of various artist's music during the month 30 Withdrew $200 of cash from Music Depot for personal use. Required: Indicate the effect of each transaction and the balance after each transaction using the following accounts: Cash Accounts receivable Supplies Accounts payable Lee Chang. Capital Lee Chang. Drawing Fees Earned Music Expense Officerent expense Equipment rent expense Advertising expense Wages expense Utilities expense Miscellaneous expense