Peters Consulting completed these transactions during June 2020:

Required

For each transaction, (1) complete the analysis, (2) determine the journal entry analysis, and (3) record the journal entry. Use the template below.

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Trevor Peters, the sole proprietor, invested $46,000 cash and office equipment with a $24,000 fair value in the business. June 2 Purchased land and a small office building. The land was worth $268,000 and the building was worth $66,000. The purchase price was paid with $30,000 cash and a long-term note payable for $304,000. 8 Transferred title of his personal automobile to the business. The automobile had a value of $7,000 and was to be used exclusively in the business. 10 4 Purchased $600 of office supplies on credit. Completed $2,400 of services for a client. This amount is to be paid within 30 days. 14 Paid $1,800 salary to an assistant. 18 Paid the account payable from the transaction on June 10. 22 24 Purchased $4,000 of new office equipment by paying $2,400 cash and trading in old equipment with a recorded cost of $1,600. Received $1,000 payment on the receivable created from the transaction on June 14th. 28 Withdrew $1,0O50 cash from the business for personal use. 30 June 2 Analysis Journal entry analysis Journal Entry Account Titles and Explanation Debit Credit Date June 4