On June 1, 2023, Sam Near created a new travel agency called Tours-For-Less. These activities occurred during the companys first month: June 1 Near created the new company by investing $40,000 cash, $5,000 of furniture, and computer equipment worth $60,000. 2 The company rented furnished office space by paying $3,200 rent for the first month. 3 The company purchased $2,400 of office supplies for cash. 10 The company paid $7,200 for the premium on a one-year insurance policy. 14 The owners assistant was paid $3,600 for two weeks salary. 24 The company collected $13,600 of commissions from airlines on tickets obtained for customers. 28 The assistant was paid another $3,600 for two weeks salary. 29 The company paid the months $3,500 phone bill. 30 The company repaired its computer for $700 on account. 30 The owner withdrew $2,850 cash from the business for personal use. The companys chart of accounts included these accounts: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 160 Furniture 161 Accumulated Depreciation, Furniture 167 Computer Equipment 168 Accumulated Depreciation, Computer Equipment 201 Accounts Payable 209 Salaries Payable 301 Sam Near, Capital 302 Sam Near, Withdrawals 405 Commissions Revenue 610 Depreciation Expense, Furniture 612 Depreciation Expense, Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary Required : 1&2. Prepare journal entries to record the transactions for June and post them to the accounts. Set up in T-account format