In June 2001. Pat Campbell organized a corporation lo prowide crop dusting services. The company, called Camphell Crop Dusting. hegan operations immediately. Transactions during the month of June were as follows: June 1 Campbell deposited 560.000 cash in a hank account in the name of the business. June 2 Purchased a crop-dusting aircrall from Utility Aircraft for $220,000. Made is $40,020 cash down payment and issued a note payable for $180,000. June 4 Paid Wondrow Airpnn $2.500 in ient office and hangar space for the month. June 15 Billed customers 58.320 for crop-dusing services tendered during the firs hatf of June. June 15 Paid 55.880 salaries t0 emplayce for services rendered during the firs hatf of June. June 18 Paid Hannigan's Hangar 51.840 for maintenance and repair services. Jane 25 Collected $4.910 of the amcunts hilled to customers on June 15. tune 30 Billed customers $16,45 f fr: srof Lusing services rendered during the seenad liall i: the month. June 30 Paid $6,000 in sialaries to employees for services rendered during the second half of June. June 30 Received a fucl hill from Henry's Feal \& Fuel for $2.510 of aireraff fucl purchaad during Jane. This amount is due hy July 10 . June 30 Campbell withdrew $2,000 cash from the business for personal use. The account titles used by Camphell Crop Dusting were: Instruclions Based on the foregoing transactions: a. Prepare journal entries. b. Post to ledger accounts. c. Prepare a trial balance at June 30,2001 . d. Using the trial balance at June 30.2001 (part c), compute each of the following at June 30 , 2001: total assets, total liabilities, total owner's equity. Are these amounts the figures that would be reported for assets, liabilities, and owner's equity in the ballance sheet at June 30, 2001? Explain your answer briefly