create a trial balance

E F G HI K L M N Transactions ABC Company receives $50,000 cash from the owner as a contribution, June 1st ABC Company pays $32,000 cash for equipment. June 3rd ABC Company purchases $15,000 of merchandise inventory on credit from a supplier. 5th June ABC Company pays $ 800 in cash for employee salary June 8th ABC Company pays $15,000 cash to settle the account payable created on June 5th. 11th June The owner withdraws $1,000 cash from ABC Company for personal use. June 15th ABC Company sold merchandise inventory that had June 19th cost $8,000 for $11,000 cash ote: Thi ransaction will require two journal entries). ABC Company pays $560 cash for this month's utilities. 24th June ABC Compny pays $6,000 cash (insurance premium) for a 6-month insurance policy. Coverage begins July 1st. June 27th ABC Company pays $2,000 cash for rent. June 30th 7 8 1 2 3 4 15 6 Part 3 1 June 30, 2020 Required: Complete the Trial Balance as of 2 3 Trial Balance 4 Account Credit Debit Account Title Number 6 Checking Merchandise Inventory 101 7 110 8 120 Prepaid Insurance 130 10 Equipment 11 201 Accounts Payable Owner's Capital 301 12 302 Owner's Withdrawals 13 1,000.00 1,000.00 401 Sales Revenue 14 15 601 COGS 602 Salary Expense Utility Expense Rent Expense 16 17 603 18 604 19 1,000.00 1,000.00 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 A 1 Part 3 2 Required: Enter the journal entries from the transactions found on the Transaction tab Journal Entries 5 Account Date Number Account Title Debit Credit 1st 9 10 3rd 11 12 5th 13 14 8th 15 16 11th 17 18 15th 19 20 19th 21 22 24th 23 24 27th 25 26 30th 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 700