Now that you have reviewed information about iCandy, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record all of the transactions that occurred during the month of June into the general journal of the business. The transactions for the month of June are as follows: Date Transaction description 1 Diana Lederman invested $109,000 cash into the business 1 Purchased Candy Making Equipment for $58,000 cash. 1 Paid $8,800 for the next two month's advertising 1Obtained a long-term loan of $162,000 from the MRMC Bank. 2 Received $4,900 in cash from Sweet Tooth for candy making lessons provided on that day 4Purchased approximately two months worth of office supplies on credit for $2,800 from Hershel's. 5 Paid $190 for a non-refundable account set-up fee to the telephone provider. 9Provided $7,700 of candy making lessons on credit for Mercury Square 9Received $6,400 cash from Sugar-hi for future candy making lessons 14 Paid staff wages of $6,600 for the period up to and including yesterday 16 Mercury Square paid $3,800 in partial payment of their account. 20 Diana Lederman withdrew $1,000 cash from the business 24Received a cash payment of $2,900 from students for candy making lessons provided on that day Made a partial payment of $1,680 for office supplies purchased on June 4. Provided $10,800 of candy making lessons to Candy Man on credit. 26 26