ABC corporation, a service firm, start their business on June 1, 2022. During the first month of operation, these events and transaction occurred? 1. Borrowing money from bank of $500,000 cash and having a 3-year note. 1-Prepaid office rent of $14,100 for the next 12 months. 5-Received $5,200 advance on a management consulting engagement 6 Discussed a job will start next month with $1,000 per month. 6.Purchased $800 of supplies on account from BBB before 16.6. 11. Completed a consulting service and billed client $2,000 for services provided. 15 Earned revenue of $9,000, of which 70% is collected in cash and the balance (remainder) is due in the next month. 16 Paid 90% of balance due from BBB. Ask the remaining for one more week. 17 Received cash of $3,600 for services completed for Dad Co. 21 Paid utilities bills $600 30 Paid the staff $5,000 salary for the month. Instructions a) Journalize the transactions, including explanations. b) Post to the ledger T accounts. c) Prepare a trial balance on June 30, 2022.