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Helfrey Marketing Services uses the listed accounts. Prepare two T accounts for each transaction. On each...

Helfrey Marketing Services uses the listed accounts. Prepare two T accounts for each transaction. On each T account, select the account title of one of the accounts affected by the transaction. Enter the debit or credit amount in each T account to show the transaction’s effect.

Account titles:

Cash
Supplies
Prepaid Insurance
Accounts Receivable-Neco Valenza
Accounts Payable-All Star Company
Sawyer Helfrey, Capital
Sawyer Helfrey, Drawing
Sales
Advertising Expense
Rent Expense

Transactions:

Jun.1.Received cash from owner as an investment, $10,000.00.2.Paid cash for insurance, $4,000.00.4.Bought supplies on account from All Star Company, $6,000.00.5.Paid cash for supplies, $1,000.00.8.Paid cash on account to All Star Company, $4,000.00.

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