8)

The following transactions occurred during the month of June 2021.

2-Jun	Owner contributed $12,000 cash and $18,000 equipment to the business.
8-Jun	Purchased motor vehicle for $40,000, paid 20% cash deposit and took out a bank loan for the remaining balance.
13-Jun	Received $4,000 cash for service to be provided in July 2021.
17-Jun	Provided service to a customer for $12,000, received 20% cash and the remaining balance is on credit.
22-Jun	Received $2,000 interest from bank.
26-Jun	Paid $4,000 cash for 1-year advertising.
30-Jun	Paid $3,000 wages to staff.

Required

Prepare the general journal for the above transactions. Narration and dates are required. (17 marks)