• For the past several years, shagiz has operated a part-time consulting business from his home. As of June 1, 2022, he decided to move to rented quarters and to operate the business, which was to be known as Bottom Line Consulting, on a full-time basis. Bottom Line Consulting entered into the following transactions during June: June 1. The following assets were existed before transaction cash, $20,000; accounts receivable, $4,500; supplies, $2,000; office equipment, $5,500 and and beginning capital (OE) were 32, 000. There were no liabilities received. 1. Paid three months’ rent on a lease rental contract, $6,000. 4. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $2,700. 5. Purchased additional office equipment on account from Office Depot Co., $3,500. 10. Paid cash for a newspaper advertisement, $200. 12. Paid Office Depot Co. for part of the debt incurred on June 5, $750 13. Services provided on account for the period June 1–12, $5,100. 14. Paid salary for weeks’, $1,100. 17. Recorded cash from cash clients for fees earned during the period June 1–16, $6,500. 18. Paid cash for supplies, $750. 24. Cash from clients for fees earned for the period June 17–24, $5,150. 30. Paid electricity bill for June, $400. 30. Services provided on account for June, $1,000. 30. shagiz withdrew $5,000 for personal use. Instructions 2. Journalize each transaction in a journal using the rules of debt and credit. 3. Post the journal to a ledger of four-column accounts. 4. Prepare an unadjusted trial balance. 5. Prepare an income statement, a statement of owner’s equity, and a balance sheet. 6. Prepare a post-closing trial balance.