On June l$,20$XX$,$ Bob Lutz opened Sole Proprietorship, Lutz Computer Repair Service. During the month, he completed thl$\text{'}.$ following transactions for the company: June $1$ Began business by depositing $$20,000$ in a bank account in the name of the company. l Paid the rent for the store for current month, S$1,700\mathrm{.}1$ Paid thl$\text{'}.$ premium on a one$-$year insurance policy, S$1,920.2$ Purchased repair equipment from Bilbao Company, $516,800.$ Terms were $$2,400$ down and $$1,200$ per month for one year. First payment is due June $1.5$ Purchased repair supplies from Rusin Company on credit, S$1,872.8$ Paid cash for an advertisement in a local newspaper, S$240.15$ Received cash repair revenue for the first half of the month, S$1,600.21$ Paid Rusin Company on account, $$900.30$ Received cash repair revenue for the last half of May, S$3,900.30$ Made a withdrawal, $$1,200.$ REQUIRED FOR JUNE $1.$ Record the June transactions. Include the Post. Ref. column and fill in using the account numbers listed in requirement $2\mathrm{.}2.$ Open the following accounts: Cash $(111)$; Prepaid Insurance $(117)$; Repair Sup$$plies $(119)$; Repair Equipment $(144)$; Accumulated Depreciation$-$Repair Equip$$ment $(145)$; Accounts Payable $(212)$; B$.$ Lutz, Capital $(311)$; B$.$ Lutz, $\backslash$Vithdrawals $(313)$; Income Summary $(314)$; Repair Revenue $(411)$; Store Rent Expense $(511)$; Advertising Expense $(512)$; Insurance Expense $(513)$; Repair Supplies Expense $(514)$; and Depreciation Expense$-$Repair Equipment $(515).3.$ Using the following information, record adjusting entries in the general journal and post to the ledger accounts:d$.$ One month's insurance has expired. c$.$ The remaining inventory of unused repair supplies is S$676.$f$.$ The estimated depreciation on repair equipment is S$280\mathrm{.}4.$ From the accounts in the ledger, prepare an adjusted trial balance after adjusting entries.$($ Note: Normally, a trial balance is prepared bdore adjustments and then a Adjusted Trial Balance is prepared after adjusting entries. $5.$ From the adjusted trial balance, prepare an income statement, a statement of own$$er$\text{'}$s equity, and a balance sheet for June.During July, Bob Lutz completed these transactions for Lutz Repair Senice: July $1$ Paid the monthlv rent, $$1,700.$ I Made the monthly payment to Bilbao Company, Sl$,200.6$ PurchasL:d additional n:pair supplies on credit from Rusin Compai$1$y$,$ $$3,452.15$ Received cash repair revenue for the first half of the month, S$3,656.20$ Paid cash for an advertisement in the local newspaper, S$2-!0.23$ Paid Rusin Company on account, S$2,-100.30$ Received cash repair revenue for the last half of the month, S$3,268.30$ Recorded a withdrawal by owner, S $1,200.$ Prepare and post journal entries to record the July transactions$\mathrm{.}9.$ Using the following inforn$1$ation, record adjusting entries in the general journal and post to the ledger accounts.d$.$ One rnonth's insurance has expired.e$.$ The inventory of unused repair supplies is $$1,652.$f$.$ The estin$1$ated depreciation on repair equipment is $$280.$Question:$1.$For the month of June, in the Statement of Cash Flows, how much is the "Net cash provided by operating activities?"$2.$ How much is the total Current Asset on the Balance Sheet as of June?