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Jessica started a business selling household products. Listed below are the transactions in the month of May 2022 2022 May 1 Jessica contributed $60,000 cash

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Jessica started a business selling household products. Listed below are the transactions in the month of May 2022 2022 May 1 Jessica contributed $60,000 cash into her new business bank account to begin her business. 6 She bought a van from Speed Ltd., $70,000 oe credif 9 Jessica bought $80,000 worth of household products on credit from Homes Trading. 12 Jessica sold some of the household products to Jamie Co. for $65,000, receiving $40,000 by cheque and the remainder as credit sales. 23 Jessica withdrew $2,700 from the bank for personal use. 30 A cheque of $15,000 was issued to Speed Ltd. as part payment. Required: Asserl Uab, OE Rev, Exp Using the format of the table given below, analyse the transactions into various components. Please provide your answers in the following answer template given. Stephen, the owner of GPS Co., started his business in 2021, selling leather bags. The following transactions were for the month of June 2022 : Required: Prepare general journal entries in the following answer template given. Ignore narration

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