John Stockton opened Jazz Co. Below are the transactions for the company's first month of operations. Jun 1 Jun 4 REQUIRED: 1. Journalize the transactions using proper bookkeeping format. Use the general journal on the following pages. (12 marks) 2. Post only the cash transactions to the general ledger found on page 5. (5 marks) Transactions for the month of June: John invested $25,000 cash and a personal vehicle with a fair value of $40,000 into the business. Received $50,000 cash for services provided. Jun 7 Received $6,000 cash for services to be provided next year. Paid a subscription fee of $12,000 for the upcoming year. Jun 12 Paid $11,500 cash to reduce the balance of accounts payable. Paid employees' wages of $39,000. Jun 18 Paid $1,750 interest on the note payable. Jun 23 Received a telephone bill for $2,750 which will be paid next month. Recorded business travel expenses worth $21,500 which will be paid next month. Jun 30 Purchased $1600 of supplies for cash. Jun 10 Jun 15 Jun 25