(1) createjournal entriesfor your company using the template provided; and (2) complete the Trial Balance at January 31, 2018 using the same template.

June 1st ABC Company receives $50,000 cash from the owner as a contribution.

June 3rd ABC Company pays $32,000 cash for equipment.

June 5th ABC Company purchases $15,000 of merchandise inventory on credit from a supplier.

June 8th ABC Company pays $ 800 in cash for employee salary.

June 11th ABC Company pays $15,000 cash to settle the account payable created on June 5th.

June 15th The owner withdraws $1,000 cash from ABC Company for personal use.

June 19th ABC Company sold merchandise inventory that had cost $8,000 for $11,000 cash (Note:This transaction will require two journal entries).

June 24th ABC Company pays $560 cash for this month's utilities.

June 27th ABC Company pays $6,000 cash (insurance premium) for a 6-month insurance policy.Coverage begins July 1st.

June 30th ABC Company pays $2,000 cash for rent.