BE3.5 ( LO 2,2) Transactions for Ing Ltd. for the month of June, its first month of operations, are presented below. For each transaction, prepare a (a) basic analysis, (b) equation analysis, and (c) debitcredit analysis. June 1 Issued common shares to shareholders in exchange for $2,500 cash. 4 Purchased supplies on account for $250. 7 Billed J. Kronsnoble $300 for welding work done. 18 Received partial payment of $200 from J. Kronsnoble for work billed on June 7. 25 Hired a new employee to start work on July 3. 27 Received cash of $200 from Liu Controls Ltd. as a deposit for welding work to be done in July. 28 Paid for supplies purchased on June 4. 29 Paid $100 for monthly income tax instalment