Assessing Financial Statement Effects of Transactions DeFond Services, a firm providing art services for advertisers, began business on June 1. The following accounts are needed to record the transactions for June: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; Dividends; Service Fees Earned; Rent Expense; Utilities Expense; and Wages Expense. Record the following transactions for June using the financial statement effects template. (Record each transaction in the order it appears.) June 1 M. DeFond invested $12,000 cash to begin the business in exchange for common stock.   2 Paid $950 cash for June rent.Hint: Record rent expense on June 2.   3 Purchased $6,400 of office equipment on credit.   6 Purchased $3,800 of art materials and other supplies; the company paid $1,800 cash with the remainder due within 30 days.   11 Billed clients $4,700 for services rendered.   17 Collected $3,250 cash from clients on their accounts billed on June 11.   19 Paid $3,000 cash toward the account for office equipment (see June 3).   25 Paid $900 cash for dividends.   30 Paid $350 cash for June utilities.   30 Paid $2,500 cash for June wages.

During February, $98,100 was paid to creditors on account, and purchases on account were $125,570. Assuming that the February 28 balance of Accounts Payable was $42,180, determine the account balance on February 1. b.  On October 1, the accounts receivable account balance was $44,700. During October, $388,900 was collected from customers on account. Assuming that the October 31 balance was $51,400, determine the fees billed to customers on account during October.$ c.  On April 1, the cash account balance was $23,340. During April, cash receipts totaled $354,770 and the April 30 balance was $16,800. Determine the cash payments made during April.$

Show the balance sheet presentation of the receivable accounts at July 31. A Blossom Company Balance Sheet (Partial) $ $

General Ledger Tab - To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab.  Abnormal balances appear in parentheses.  Click on any amount to see the underlying journal entry. Pam Fisher opens a web consulting business called Fisher Consulting and completes the following transactions in March.Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on  the financial statements.   Mar.   1   Fisher invested $237,000 cash along with $24,900 in office equipment in the company. Mar.   2   The company prepaid $8,000 cash for six months’ rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. Mar.   3   The company made credit purchases of office equipment for $5,900 and office supplies for $4,100. Payment is due within 10 days. Mar.   6   The company completed…