Current Attempt In Progress Transactions for Sandhill Ltd. for the month of June. Its first month of operations, are presented below: June 1 Issued common shares to shareholders in exchange for $6,000 cash 4 Purchased supplies on account for $200. 7 Billed J. Kronsnoble $600 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 22 28 Received cash of $200 from Lu Controls Ltd. as a deposit for welding work to be done in July. Pald for supplies purchased on June 4, 29 Pald $150 for monthly Income tax Instalment. (a) Your answer is correct Prepare a basic analysis. (If no transaction is required, select "No Entry" for the account titles) June 1 Cash 4 Supplies Account Debited 7 Accounts Receivable 18 Cash 25 No Entry 27 Cash Account Credited Common Shares Accounts Payable Service Revenue Accounts Receivable No Entry Deferred Revenue Accounts Payable Cash 29 Income Tax Expense Cash eTextbook and Media List of Accounts Assistance Used Assistance Used