days. Assignment1 Marks: 5 Submission deadline: (to be announced later) Assignment type: Handwritten individual Neko Case decides to open a cleaning and laundry service near the local college campus that will operate as a sole proprietorship. Neko Case incurred the following transactions during the month of June 2020. June 1 Neko Case invested $20,000 in cash to start a cleaning and faundry business on June 1: June 2Purchased equipment for $5,000 paying $3,000 in cash and the remainder due in 30 June 5 Purchased supplies for $1.200 cash. June 10 Received a bill from College News for $300 for advertising in the campus newspaper June 12 Cash receipts from customers for deaning and laundry amounted to $2.400. June 20 Biled the Lion Soccer Team 5450 for cleaning and laundry services. June 25 Paid $300 to College News for advertising that was previously billed in Transaction 4. June 28 Neko Case withdrew $1.500 from the business for living expenses. June 30 incurred utility expenses for month on account. $500 June 30 Paid salaries of $600 to student workers Requirements: 1) Make a tabular analysis of the transactions on accounting equation. Use the following column headings: Cash. Supplies, Accounts receivable. Equipment, Accounts Payable, Owner's capital, Withdrawal , Revenues. Expenses 2) Journalize the above transactions 3) Prepare necessary T accounts 4) Prepare a trial balance on June 30, 2020. Other data: a) The office equipment has an estimated useful life of 50 months with zero salvage value b) The physical count revealed $200 supplies on hand at the end of the month Requirements: 5) Prepare necessary adjusting entries on June 30, 2020 6) Enter the trial balance on a worksheet and complete the worksheet. 7) Prepare an income statement for the month ended June 30, 2020. an owner's equity statement on June 30, 2020 and a balance sheet on June 30, 2020, 8) Prepare necessary closing entries on June 30, 2020 9) Prepare a post-closing trial balance on June 30, 2020 Instructions for the assignment: You should solve the assignment on your script, take an image of the answers, convert it into pol and upload the pal file. Prepare a cover page mentioning your name, ID. Course Code, Section: faculty particulars etc. Your cover page should appear as the first page. You may use camscanner apps to take images