Instructions: Prepare the proper Journal Entries of the listed economic events, using the T accounts.

1-Jun Mr. Luke Smith investment to the new business to $30,000

1-Jun Paid prepaid coverage insurance for 24 months $2,400

2-Jun Purchased supplies with cash $2,500.

2-Jun Purchased equipment with cash $26,000

5-Jun Purchase supplies on credit $7,100

10-Jun Provided services and received cash for $6,200

10-Jun Paid rent for month $1,000

14-Jun Payment to $700 for employee salary

15-Jun The customer is billed $1,900 for these service on credit

20-Jun Payment of account for supplies purchased in June 5 $900

24-Jun Received of cash on account from the client $1700

27-Jun Withdrawal of cash by owner $200

27-Jun Received cash provide services from customer $3,000

29-Jun Purchase supplies for cash $120 30-Jun Paid utilities expense in cash for month $230

30-Jun Payment to $700 for employee salary