On June 1, John Sullivan opened a real estate office in Hamilton called Sullivan Realty. The following transactions were completed for the month of June. Note that facsimile documents have been provided to illustrate these events :

1.John Sullivan invested $20.000 cash in the real estate agency, along with $4,000 worth of office equipment.

2.Rented office space and paid three months rent in advance, $3000 , cheque No 601.

Sullivan Realty

Chart of Accounts

Assets	REVENUE
111 Cash	411 Commissions Earned
112 Accounts Receivable
114 Prepaid Rent	Expenses
115 Office Supplies	511 Rent Expense
121 Office Equipment	512 Salaries Expense
122 Accumulated Depreciation , Office Equipment	513 Gas Expense
123 Automobile	514 Repair Expense
124 Accumulated Depreciation , Automobile	515 Telephone Expense
	516 Advertising Expense
Liabilities	517 Office Supplies Expense
211 Accounts Payable	518 Depreciation expense, Office Equipment
212 Accrued Salaries	519 Depreciation expense, Automobile
	524 Miscellaneous Expense
Owner's Equity
311 John Sulivan, Capital
312 John Sulivan , Withdrawals
313 Income Summary

1.Journalize transactions and post to ledger accounts.Required work for June

2.Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjustment data:

a.One month's rent had expired

b.An inventory shows $50 worth of office supplies remaining.

c.Depreciation on office equipment, $100

d.Depreciation on automobile, $200.

3.Prepare a June income statement, statement of owner's equity, and balance sheet.

4.From the worksheet, journalize and post adjusting and closing entries

5.Prepare a post-closing trial balance

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