Enter the following transactions in the two-column journal of Crystal Pool Service Company. Include a brief explanation of the transaction as part of each journal entry. Do not include in the explanation amounts or account titles since these are shown in the debit-credit portion of the entry.

June 1 Acquired office equipment from Bell Company for $850 cash.

June 3 Collected an account receivable of $2,000 from a customer, William Rinehart.

June 4 Issued a check for $360 in full payment of an account payable to Chemical Supply Company.

June 8 The owner, Ralph James, invested an additional $5,000 cash in the business.

June 8 Borrowed $7,500 cash from the bank by signing a 90-day note payable.

June 9 Purchased an adjacent vacant lot for use as parking space. The price was

$62,000, of which $12,000 was paid in cash; a note payable was issued for the balance.