Fill out a General Journal based on the the transactions that have been made in June, include numbering the entries, description, and account.

Gear Up (GU) Inc. Statement of Financial Position As at May 31, 2019 ASSETS Current Assets Cash Held-for-trading investments Accounts Receivable Inventory Total Current Assets $ 2,000 3,000 2,000 50.000 $ 57,000 Long Term Assets Store equipment $ 10,000 Less: Accum. depreciation, equipment 2,000 Property and Equipment $ 8,000 Land 30.000 Total Long Term Assets $38,000 TOTAL ASSETS $95.000 LIABILITIES & SHAREHOLDERS' EQUITY Current Liabilities Accounts payable $ 6,000 Notes Payable 30,000 Total Current Liabilities $36.000 Total liabilities $36,000 Shareholder's Equity Common Shares Retained Earnings Total Shareholder's Equity TOTAL LIABILITIES & SHAREHOLDER'S EQUITY $20,000 39.000 $59,000 $95.000 The Transactions for June June 2 Sold merchandise to East Robson Inc. at invoice price of $20,000 on credit; Invoice No. 1001 June 3- June 4 - June 5 - Received merchandise from Everest Company at invoice cost of $4,000 on credit; Purchase Order No. 5001. Sold merchandise to West Rupert Co. for $3,000 on credit terms; Invoice No. 1002 Received merchandise from Katmandu Ltd. at an invoice cost of $3,000 on credit; Purchase Order No. 5002 Sold merchandise for cash to Tabor Equipment for $10,000 Received merchandise from Colton Manufacturing Company at a cost of $2,000; paid cash. June 6 - June 7 - June 8 - Purchased a capital asset (store equipment) from MerchCo at a cost of $15,000. The note is 90-day, 6 percent, interest-bearing note payable for the full amount owed. Assume date was June 1, 2019 for interest and depreciation calculations (at adjustments stage) June 9 - Sold a tract of vacant land for $35,000 which originally cost $30,000. Collected sale amount in cash. June 10- June 11 - Collected the account receivable from West Rupert Co., Invoice No. 1002 Paid $2,000 for a one-year insurance policy on property, plant and equipment starting June 1. Obtained a $5,000 bank loan; signed a one-year, 7 percent, interest-bearing bank loan agreement. Assume date was June 1 for interest calculation (at adjustments stage) Paid the account payable to Katmandu Ltd. Purchase Order No. 5002 June 11- June 12- June 13- June 14- June 15- June 16- Paid monthly rent in cash $5,000. Sold merchandise for cash, $2,000. Purchased merchandise from Logan Ltd. for cash, $4,000. INV 10021 Sold merchandise on credit to Purdon Co. for $5,000; Invoice No. 1003 Received merchandise on credit from Mountain Co-Op at an invoice cost of $8,000 Purchase Order No. 5003 Collected the account receivable from East Robson Inc. Invoice No. 1001 Paid the account payable to Everest Company. Purchase Order No. 5001 June 17- June 18- June 19