Journalize the following transactions for Mercado Company for June $2020,$ the company$$s first

month of operations. You may omit explanations for the transactions.

$1.$ Purchased equipment on account for $$6,000.$

$2.$ Billed customers $$5,000$ for services performed.

$3.$ Made payment of $$1,500$ on account for equipment purchased earlier in the month.

$4.$ Collected $$2,400$ on customer accounts.