The following transactions occurred during the month for Tori Peel, CPA:

Jun. 1 Peel opened an accounting firm by contributing $13,500 cash and office furniture with a fair market value of $5,400 in exchange for common stock.

5 Paid monthly rent of $1,300.

9 Purchased office supplies on account, $800.

14 Paid employee's salary, $1,700.

18 Received a bill for utilities to be paid next month, $250.

21 Paid $600 of the accounts payable created on June 9.

25 Performed accounting services on account, $5,900.

28 Paid cash dividends of $6,900.

Requirements

1. Open the following four-column accounts of Tori Peel, CPA: Cash, 110; Accounts Receivable, 120; Office Supplies, 130; Office Furniture, 140; Accounts Payable, 210; Utilities Payable, 220; Common Stock, 310; Dividends, 320; Service Revenue, 410; Salaries Expense, 510; Rent Expense, 520; Utilities Expense, 530.

2. Journalize the transactions, and then post the journal entries to the four-column accounts. Explanations are not required for the journal entries. Keep a running balance in each account. Assume the journal entries are recorded on page 10 of the journal.

3. Prepare the trial balance as of June 30, 2016.