On June 1, John Sullivan opened a real estate office in Hamilton 240 called Sullivan Realty. The fol- lowing transactions were com- pleted for the month of June. Note that facsimile documents have been provided to illustrate these events: 2022 June #1, p. 231 #2, p. 231 3 John Sullivan invested $20,000 cash in the real estate agency, along with $4,000 worth of office equipment 3 Rented office space and paid three months' rent in advance, $3,000, cheque No. 601. 241 Sullivan Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Eamed 112 Accounts Recewable 114 Prepaid Rent Expenses 115 Office Supplies 511 Rent tapense 121 Office Equipment 512 Sales Expense 122 Accumulowed Depreciation Office Equipment 513 Gas Expense 123 Automobile $14 Repairs Expense 124 Accumulated Depreciation Automobile 515 Telephone Expense 516 Advertising Express Liabilities 517 Office Supplies Expense 211 Accounts Payable 518 Desreciation Expense, Ollice Equipment 212 kccrued Salaries 519 Desreciation Expens, Automobie 524 Miscellaneous Esperse Owner's Equity 311 John Sullivan, Capital 312 John Sullivan, withdrawals 313 Income Summary 1. 242 CURRENT ACCOUNT DEPOSIT SLP ROYAL BANK Von 3.2022 DATE ELITOS TOLLYS M16 NIL VS PRZ CREDIT ACCOUNT OF SULLIVAN REALTY PLEASE LIST FOREIGN CHEQUES CN A SERARATE DEPOSIT SUP VISA AND CHEQUES DETAILS CASTING COUPONS VISANDUCIR TOTAL 20.000 CO X 10 x 20 X 50 X 100 x COIN CNIH TOTAL 20,000 00 20,000.00 RUTE LQIM O