In this assignment, you are presented with a series of transactions for Andrew's Computer Rental. You must determine the appropriate journal entry (if any) that is required by each of the activities a:s they occur during the month Andrew's Computer Rental began operations on June 1. Activity for Andrew's first month of business (June) was as follows 1. June 1: issued 1,000 shares of common stock (par value S1) in exchange for: a. $20,000 in cash, and b. furniture worth $12,000. June 1: purchased computer repair supplies by paying $500 2. 3. June 2: purchased computer equipment worth S3,600 (to be used by Andrew in operating his business; not for resale to customers) by paying $750 in cash and the balance on account. June 3: signed a lease agreement, renting a small office on Green Street for $500 per month 5. 4. June 3: paid the first 6 months' office rent in advance. (A payment made in advance for expenses that will occur in the future is called a "prepaid"; here, "prepaid rent".) 6. June 5: paid $150 for each of two advertisements that will be placed in the Journal and Register newspapers, running on June 23. 7. June 15: received $950 cash in payment for computer repair services performed during the first half of the month. 8. June 20: signed a contract to repair computers for a local high school. The school paid $8,000 in advance for a 6-month service contract that will run from July 1 to December 31. (A payment received in advance for services to be performed in the future is called a "deferred"; here, "deferred revenue".) 9. June 25: paid the balance due on the computer purchased on June 2. 10. June 28: completed S1,200 worth of computer repairs for a customer. The customer paid Andrew $500 in cash. The balance of the bill is expected to be paid by the customer sometime in July, 11. June 30: received S1,800 cash for computer repair services performed during the second half of the month. 12. June 30: billed ABC company for $700 of computer repair services completed on June 29. Required: a. Prepare all necessary journal entries for these transactions as of the dates on which they occurred during the month. DO NOT prepare any month-end adjusting entries yet (this will be completed in written assignment #2). b. Post all journal entries from part a. to T-accounts c. Prepare a trial balance showing that DR - CR after all entries are posted