Case Study 1 Jarred and his brothers opened Digital printing Pty Ltd on 1 June 2022....

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Case Study 1 Jarred and his brothers opened Digital printing Pty Ltd on 1 June 2022. During the first month of operations, the following transactions occurred June 01 The business issued shares, and shareholders invested $100,000 cash in the business. 02 2 33 03 04 4 Paid $7500 cash for shop rent for the months of June, July and August. Purchased printing equipment for $65000, paying $50000 in cash and $15000 on the account. Paid $2400 for a 2-year insurance policy. 10 Received an invoice from The age for advertising the opening of the business, $5000. 15 Performed services worth $15000, and customers agreed to pay in 45 days. Purchased printing supplies worth $10000 and agreed to pay suppliers in 20 days. 17 18 Performed services worth $5000, and customers agreed to pay in 45 days. 19 Received $35000 from customers for services to be performed in the month of July and August. 18 Performed services worth $5000, and customers paid immediately. 28 Received $9000 from customers invoiced on 15 June. 30 Distributed a $3200 cash dividend to shareholders. 30 Paid for utilities $3000 and wages $7000 Required A. Journalise the June transactions. (10 Marks) B. Prepare a trial balance on 30 June 2022. (5 Marks) Case Study 1 Jarred and his brothers opened Digital printing Pty Ltd on 1 June 2022. During the first month of operations, the following transactions occurred June 01 The business issued shares, and shareholders invested $100,000 cash in the business. 02 2 33 03 04 4 Paid $7500 cash for shop rent for the months of June, July and August. Purchased printing equipment for $65000, paying $50000 in cash and $15000 on the account. Paid $2400 for a 2-year insurance policy. 10 Received an invoice from The age for advertising the opening of the business, $5000. 15 Performed services worth $15000, and customers agreed to pay in 45 days. Purchased printing supplies worth $10000 and agreed to pay suppliers in 20 days. 17 18 Performed services worth $5000, and customers agreed to pay in 45 days. 19 Received $35000 from customers for services to be performed in the month of July and August. 18 Performed services worth $5000, and customers paid immediately. 28 Received $9000 from customers invoiced on 15 June. 30 Distributed a $3200 cash dividend to shareholders. 30 Paid for utilities $3000 and wages $7000 Required A. Journalise the June transactions. (10 Marks) B. Prepare a trial balance on 30 June 2022. (5 Marks)