In June 2021, Wanda Fonda organized a corporation to provide drone photography services. The company, called Drone Queen Ic., began operations immediately. Transactions during the month of June were...

Extracted text: In June 2021, Wanda Fonda organized a corporation to provide drone photography services. The company, called Drone Queen Ic., began operations immediately. Transactions during the month of June were as follows: The corporation issued 60,000 shares of capital stock to Wanda Fonda in exchange for $60,000 cash. June 1 Purchased a plane from Utility Aircraft for $220,000. Made a $40,000 cash down payment and issued a note payable for the remaining balance. June 2 June 4 Paid Piarco Airport $2,500 to rent office and hangar space for the month. June 15 Billed customers $8,320 for aerial photographs taken during the first half of June. June 15 Paid $5,880 in salaries earned by employees during the first half of June. June 18 Paid Henry's Hangar $1,890 for maintenance and repair services on the company plane. June 25 Collected $4,910 of the amounts billed to customers on June 15. June 30 Billed customers $16,450 for aerial photographs taken during the second half of the month. June 30 Paid $6,000 in salaries earned by employees during the second half of the month. June 30 Received a $2,510 bill from National Petroleum for aircraft fuel purchased in June. The entire amount is due July 10. June 30 Declared a $2,000 dividend payable on July 15. The account titles used by Drone Queen are: Cash Retained Earnings Accounts Receivable Dividends Aircraft Aerial Photography Revenue Notes Payable Maintenance Expense Accounts Payable Fuel Expense Dividends Payable Salaries Expense Capital Stock Rent Expense Prepare a trial balance dated June 30, 2021. (