Griffin Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Jun. 1 Rita Griffin, the owner, invested $130,000 cash, office equipment with a value of $12,500, and $75,000 of drafting equipment to launch the company. Jun. 2 The company purchased land worth $56,500 for an office by paying $16,800 cash and signing a long-term note payable for $39,700. Jun. 3 The company purchased a portable building with $47,500 cash and moved it onto the land acquired on June 2. Jun. 4 The company paid $7,500 cash for the premium on an 18-month insurance policy. Jun. 5 The company completed and delivered a set of plans for a client and collected $12,200 cash. Jun. 6 The company purchased $29,000 of additional drafting equipment by paying $17,000 cash and signing a long-term note payable for $12,000. Jun. 7 The company completed $26,000 of engineering services for a client. This amount is to be received in 30 days. Jun. 8 The company purchased $1,900 of additional office equipment on credit. Jun. 9 The company completed engineering services for $25,000 on credit. Jun. 10 The company received a bill for rent of equipment that was used on a recently completed job. The $2,050 rent cost must be paid within 30 days. Jun. 12 The company collected $13,000 cash in partial payment from the client billed on June 9. Jun. 14 The company paid $1,800 cash for wages to a drafting assistant. Jun. 17 The company paid $1,900 cash to settle the account payable created in on June 8. Jun. 20 The company paid $1,300 cash for minor maintenance of its drafting equipment. Jun. 23 Rita Griffin withdrew $9,780 cash from the company for personal use. Jun. 28 The company paid $1,800 cash for wages to a drafting assistant. Jun. 29 The company paid $3,100 cash for advertisements on the web during June. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity While the balance sheet reports the detail of individual assets and liabilities, owner's equity is reported in total. The expanded accountir shows the four subsets of equity: Revenues, Expenses, Owner investments and Owner withdrawals. Using the dropdown buttons, indica each transaction has on total equity (if any). Compare the total with the amount of equity reported on the balance sheet. Transaction Impact on Equity 0 Rita Griffin, the owner, invested $130,000 cash, office equipment with a value of $12,500, and $75,000 of drafting equipment to launch the company. The company purchased land worth $56,500 for an office by paying $16,800 cash and signing a long-term note payable for $39,700. The company purchased a portable building with $47,500 cash and moved it onto the land acquired on June 2 The company paid $7,500 cash for the premium on an 18- month insurance policy. The company completed and delivered a set of plans for a client and collected $12,200 cash. The company purchased $29,000 of additional drafting equipment by paying $17,000 cash and signing a long-term note payable for $12,000. 0 0 0 0 The company completed $26,000 of engineering services Help Save & Ex 0 0 0 0 note payable for $12,000. The company completed $26,000 of engineering services for a client. This amount is to be received in 30 days. The company purchased $1,900 of additional office equipment on credit. The company completed engineering services for $25,000 on credit. The company received a bill for rent of equipment that was used on a recently completed job. The $2,050 rent cost must be paid within 30 days. The company collected $13,000 cash in partial payment from the client billed on June 9. The company paid $1,800 cash for wages to a drafting assistant The company paid $1,900 cash to settle the account payable created in on June 8. The company paid $1,300 cash for minor repairs of its drafting equipment Rita Griffin withdrew $9,780 cash from the company for personal use. The company paid $1,800 cash for wages to a drafting assistant The company paid $3,100 cash for advertisements on the web during June. Total change in equity 0 0 0 0 0 0 0 $ 0