Acct 122-Introductory Financial Accounting Winter 2021 Part 1-Business Bookkeeping (17 marks) John Stockton opened Jazz Co. Below are the transactions for the company's first month of operations. REQUIRED: 1. Journalize the transactions using proper bookkeeping format. Use the general journal on the following pages. (12 marks) 2. Post only the cash transactions to the general ledger found on page 5. (5 marks) Transactions for the month of June: John invested $10,000 cash and a personal vehicle with a fair value of $16,000 into the business. Received $20,000 cash for services provided. Received $2,400 cash for services to be provided next year. Jun 1 Jun 4 Jun 7 Jun 10 Paid a subscription fee of $4,800 for the upcoming year. Jun 12 Jun 15 Jun 18 Jun 23 Paid $4,600 cash to reduce the balance of accounts payable. Paid employees' wages of $15,600. Paid $700 interest on the note payable. Received a telephone bill for $1,100 which will be paid next month. Jun 25 Jun 30 Recorded business travel expenses worth $8,600 which will be paid next month. Purchased $640 of supplies for cash.