Homework Chapter 7 On June 1 Jules Pharma had $400,000 in assets, $175,000 in liabilities and $225,000 in equity. Transactions during the month of June were as follows: 1. Purchased equipment for $45,000. 2. Purchased supplies for $65,000 on account. 3. 25% of supplies were sold. Patients were billed $50,000 for these supplies. 4. Salaries and wages of $75,500 were paid during this time period. 5. A loan repayment of $10,400 was made ($400 was interest). 6. A payment of $81,500 was made on accounts payable. 7. $94,000 was collected from previously billed patients. Please show transactions above in Journal form and also a worksheet with ending totals for 6/30/20X1.