A Recording transactions 1 1 Now that you have reviewed information about Julie Yard's School of Music, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record all of the transactions that occurred during the month of June into the general journal of the business. The transactions for the month of June are as follows: Date Transaction description 1 Isabella Bridgman invested $110,000 cash into the business. 1 Purchased Music Equipment for $53,000 cash. Paid $9.720 for the next three month's rent of a studio Obtained a long-term loan of $162,000 from the MRMC Bank 6 Received $4.900 in cash from KB Lo-Fi for music lessons provided on that day 7 Purchased approximately two months worth of office supplies on credit for $2.800 from UML Centre Paid $170 for a non-refundable account set-up fee to the telephone provider 8 Received $4,200 cash from Dan Serr for future music lessons. 10 Provided $7 300 of music lessons on credit for Brashs World Records 16 Paid staff wages of $6.700 for the period up to and including yesterday 17 Brashs World Records paid $4,000 in partial payment of their account 20 Isabella Bridgman withdrew $1.000 cash from the business. 24 Made a partial payment of $1 680 for office supplies purchased on June 7 26 Received a cash payment of $3.000 from students for music lessons provided on that day 29 Provided $4.900 of music lessons to The Wikie Wah Huton credit GENERAL JOURNAL Date Account and Explanation Post Ref. Debit Credit Jun (select) (select Jun (select) (seleco Jun (select) (select) IO Jun Kselect) kseled IO IO Jun select | select) Jun (select) (select select Jun Kselect) (select Jun (select (select) Jun (select II IO select) Jun (select (select Jun select Select Jun select (seled Jun select) select Jun select select) Jun (select) (select) Jun (select Jun (select) (select) Il II II II II II II II II II Jun (select) (select) Jun (select) select) Jun (selech (select)