After several months of planning, Mary Tratini started a called "Italian Product". The following business activities occurred during it's first month $($June $1-30,2023).$ PERFORM THE ACCOUNTING CYCLE

Supplies purchases $$3,400(+$ tax$)$ on credit

Purchased $$25,000$ of equipment on credit. We believe it's going to be used for $9$ years and will go to scrap $($garbage$)$ at the end of those years. Straight$-$line method

Salary payment to Anupam St$-$Pierre. He worked $140hr$ at $25\mathrm{.}80\frac{\text{\$}}{h}r.$ Federal tax rate is $13\%.$ Provincial tax rate is $14\%$

Services rendered to customers $$4,000(+$ tax$).$ Received cash payment

The owner deposited $$30,000$ cash in the business bank account

Insurance premium payment, $$10,700$ cash $($cover from June$\mathrm{.}2023$ to May$\mathrm{.}2024)$

Pay amount due to Provincial government $($related to salary only$)$

Purchase machinery, $7,800$$ cash. Should be used for $5$ years and could be sold $4,200$$ at the end of those years. Declining balance method, rate $26\mathrm{.}6\%$

Record any missing journal entries