1 Perry Engineering completed the following transactions in the month of June. 52.5 Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Jun. 1 Kathy Perry, the owner, invested $154,000 cash, office equipment with a value of $10,500, and $87,000 of drafting equipment to launch the company. Jun. points Jun. Jun. look References Jun. 2 The company purchased land worth $62,500 for an office by paying $25,200 cash and signing a long-term note payable for $37,300. 3 The company purchased a portable building with $41,500 cash and moved it onto the land acquired on June 2, The company paid $11,100 cash for the premium on an 18-month insurance policy. The company completed and delivered a set of plans for a client and collected $17,000 cash. The company purchased $36,200 of additional drafting equipment by paying $23,000 cash and signing a long-term note payable for $13,200. Jun. 1 The company completed $35,600 of engineering services for a client. This amount is to be received in 30 days. Jun. The company purchased $2,500 of additional office equipment on credit. Jun. The company completed engineering services for $27,400 on credit. Jun. 10 The company received a bill for rent of equipment that was used on a recently completed job. The $2,650 rent cost must be paid within 30 days. Jun. 12 The company collected $17,800 cash in partial payment from the client billed on June 9. Jun. 14 The company paid $1,800 cash for wages to a drafting assistant. Jun. 17 The company paid $2,500 cash to settle the account payable created in on June B. Jun. 20 The company paid $1,600 cash for minor maintenance of its drafting equipment. Jun. 23 Kathy Perry withdrew $10,020 cash from the company for personal use. Jun. 28 The company paid $1,800 cash for wages to a drafting assistant. Jun. 29 The company paid $3,500 cash for advertisements on the web during June. Requirement General Journal General Ledger Income Trial Balance Statement St Owners Equity Balance Sheet Impact on Equity Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the owner's capital balance. Perry Engineering Statement of Owner's Equity For Month Ended June 30, 2019 K. Perry, Capital, June 1, 2019 Add: $ Ps 259,500 259.500 ok Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the owner's capital balance. Perry Engineering Statement of Owner's Equity For Month Ended June 30, 2019 ences K. Perry, Capital, June 1, 2019 $ 0 Add: 259,500 259,500 259,500 Less 10,020 10,020 K. Perry, Capital, June 30, 2019 $ 249,480