Creative Designs, a firm providing art services for advertisers, began business on June 1, 2014. The following accounts in its general ledger are needed to record the transactions for June: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; Retained Earnings; Service Fees Earned; Rent Expense; Utilities Expense; and Salaries Expense. Record the following transactions for June
(a) using the financial statement effects template and
(b) in journal entry form.
(c) Set up T-accounts for each of the ledger accounts and post the entries to them (key the numbers in T-accounts by date).
