N.Y. Co had the following beginnig normal balances on June 1, 2020:
Cash		70,000
Accounts receivable		20,000
Supplies		4,000
Equipment		80,000
Land		200,000
Unearned Revenues		10,000
Accounts payable		40,000
Note payable		54,000
Common stock		150,000
Retained Earnings		120,000

N.Y. Co had the following transactions in the month of June 2020:

1	The company received cash of $35,000 and issued common stock to the shareholders.
8	Sold equipment on account for $10,000.
9	Performed services billed at $3,000 and received cash of $2,000.
10	Received $6,500 in advance for service to be performed later in June.
12	Paid salaries of $1,000.
15	Collected $6,000 on account (related to the June 8 sale).
22	Purchased office supplies on account for $7,000.
25	Paid amount due for office supplies.
27	Performed service that was pre-paid on June 10th.
30	Paid June's monthly rent of $500.
30	The Board of Directors declared and paid dividends of $1,000.

1. Record all transactions in the journal and post the answers to the ledger, using t-accounts. Remember on the trial balance, debit should equal credits