On June 1, 2018, Bob Lutz opened Lutz Repair Service. Make journal entries for each of the transactions listed below for the month of June. JUNE TRANSACTIONS During the month, he completed the following transactions for the company: July 1. Began business by depositing $20,000 in a bank account in the name of the company. 1 July 1. Paid the rent for the store for the current month, $1,700. July 1. Paid the premium on a one-year insurance policy, $1,920. July|2. Purchased repair equipment from Bilbao Company, S16,800. Terms were $2,400 down and $1,200 per month for one year. First payment is due June 1