2-1A Basic Journal Entries New Company Joe's Car Repairs started operating on June 1, 2017. The following transactions occurred during June: June 1 June 2 Joe invested $10,000 cash and invested equipment valued at $20,000 in exchange for 500 common shares. Paid rent on a small downtown garage for $2,500 (cash) to cover the month of June. Purchased equipment on account. $8,000 is due to be paid on April 3, 2017. Paid $100 to sponsor a local sports team. June 3 June 6 June 10 June 14 Paid employees' salaries of $2,000. June 15 Paid $250 dividend to shareholders. June 16 Performed car repair work for the first two weeks of June. Billed and received $7,000. Performed car repair work for customer #233 - $1,000. The customer did not pay but agreed to pay within 30 days. Paid for the equipment purchase from June 3. Received one half of the amount owed from the June 16 transaction. June 22 June 26 June 30 Paid employees' salaries of $2,000. June 30 Received a telephone bill for $125 for June. Not yet paid. Required: Record all necessary journal entries (Part A only) based on the transactions above in the template and upload it to LMS.