Maria Sanchez began business as Sanchez Law firm on June 1, 2020 and during that month completed these transactions. June 1 2. 2 8 Sanchez invested $15,000 cash in the business. Purchased $7,500 of office equipment from Johnson Bros. on credit. Paid $2,000 for a one year insurance policy. Completed legal work for a client and received $1,500 cash in full payment. Received $2,500 cash for legal work to be completed next month. Paid Johnson Bros. $3,500 cash in partial settlement of the amount owed on June 2. Sanchez withdrew $2,000 cash for personal use. 14 18 28 Instructions: 1. Prepare Journal entries to record the above transactions. 2. Prepare the adjusting entries at June 30, 2020 assuming that adjusting entries are made monthly. 1. The office equipment has been depreciated at 190$ per month. 2. $500 of supplies have been used during the month. 3. Invoice representing $1,000 of legal work performed during the month has not been recorded as of June 30