3. Analyze and Journalize the following entries; On June 1, 2012 Sam Near created a travel agency called Tours-For-Less. These activities occurred during the companys first month:

June	1	Near created the new company by investing $40,000 cash 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.
	10	The company paid $7,200 for the premium on a one-year insurance policy.
	14	The owners 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 $3,600for two weeks salary.
	29	The company paid the months $3,500 phone bill.
	30	The company paid $700 cash to repair its computer.
	30	The owner withdrew $2,850 cash from the business.