1.Prepare journal entries to record the transaction for june and post them to the accounts. Setup in T- account format.

2.Use tge following to journalize and post the adjustments of the month to T-accounts given in the part 1-2.

a. Two-third of one monthis insurance coverage was consumed.

b.There were$1600 of office supplies on hand at the end of month.

c.Depreciation on the computer equipment was estimated to be $1650 and $400 on the furniture.

d.The assistant had earned $320 of unpaid and unrecorded salaly.

e.The company had earned $3500 of commission that had not yet been billed.

4.Prepare an income statement a statement of change in equity ,and a classified balance sheet.

5 Statement of change in equity.june30,2022.

6.Balance sheet June30,2020.

7.Prepare journal entries to close the temporarary accounts and post them to accounts.

8.Pepare a post- closing trial balance.

On June 1, 2020, Sam Near created a new travel agency called Tours-For-Less. These activities occurred during the company's first month: June 1 Near created the new company by investing $40,000 cash, $5,000 of furniture, and computer equipment worth $60,000 2 The company rented furnished office space by paying $3,200 rent for the first month. 3 The company purchased $2,400 of office supplies for cash. 1e The company paid $7,200 for the premium on a one-year insurance policy. 14 The owner's assistant was paid $3,600 for two weeks' salary. 24 The company collected $13,600 of commissions from airlines on tickets obtained for customers. 28 The assistant was paid another $3,600 for two weeks' salary. 29 The company paid the month's $3,500 phone bill. 30 The company repaired its computer for $700 on account. 30 The owner withdrew $2,85e cash from the business for personal use. The company's chart of accounts included these accounts: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 160 Furniture 161 Accumulated Depreciation, Furniture 167 Computer Equipment 168 Accumulated Depreciation, Computer Equipment 201 Accounts Payable 209 Salaries Payable 381 Sam Near, Capital 302 San Near, withdrawals 405 Commissions Revenue 619 Depreciation Expense, Furniture 612 Depreciation Expense, Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense