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Alpha Company opened a business on June 1 of the current year. The business was founded by Jane Walls. Alpha Company will provide disabled

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Alpha Company opened a business on June 1 of the current year. The business was founded by Jane Walls. Alpha Company will provide disabled individuals with chauffeur services. Jane plans to rent a small office in the nearby city and hires 5 drivers to assist in providing the chauffeur services to client. The following transactions are for June: a Jane invested $300,000 cash in the business. b Jane rented an office for $1,000 a month C Jane purchased $300 of office supplies. d Jane purchased 2 cars and 3 vans. Each car cost $20,000 and each van cost $40,000. e Jane hired 5 drivers at a month salary of $3,000 to be paid at the end of the month. f Jand paid $800 to advertise the business on the local tv station. g Jane paid $12,000 for an annual insurance premium for the cars and vans. h Jane signed a contract with the local gas station to acquire gas for $2 a gallon. i Jane purchased a computer to track all the business information on account. The computer cost $900 and is due in two payments: half at the end of June and the other half at the end of July. j During the month, Jane provided services to clients. The total amount received for the services rendered was $19,000, which was received $14,000 in cash and the remainder to be received in July k Jane paid the drivers their salaries. | During the month, Jane purchased 600 gallons of gas. m Jane received the utility bill for the office. The bill totaled $250 and included all electricy, water, and telephone costs. n Jane received $1,500 early from customers in June whose bill was due in July. Jane made the first payment on account for the computer. p Jane withdrew $5,000 for personal reasons at the end of the month.

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