Now that you have reviewed information about the Royal Institute of Music, 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 Gregory Pauli invested $95,000 cash into the business. 1 Purchased Music Equipment for $58,000 cash. 1 Paid $8,000 for the next two month's advertising. 1 Obtained a long-term loan of $186,000 from the BitiBank. 4 Paid $190 for a non-refundable account set-up fee to the telephone provider. Received $4,300 in cash from Dan Serr for music lessons provided on that day. Purchased approximately two months worth of office supplies on credit for $2,400 from Mapster Supplies. Provided $7,900 of music lessons on credit for The Wikie Wah Hut. Received $3,200 cash from D-Funkt Records for future music lessons. Paid staff wages of $6,900 for the period up to and including yesterday. The Wikie Wah Hut paid $3,400 in partial payment of their account. Gregory Pauli withdrew $1,000 cash from the business. Made a partial payment of $960 for office supplies purchased on June 5 . Received a cash payment of $3,500 from students for music lessons provided on that day. Provided $9,700 of music lessons to Dan Soul on credit. Instructions for recording transactions Following the accounting policies and procedures of the business, record all June transactions in the general journal. Please note that when you select accounts, you will select the account using a popup link. You cannot type directly into the field. General journal entries do NOT require a description of the journal entries. Remember to enter all answers to the nearest whole dollar