Part I - Business Bookkeeping (17 marks) John Stockton opened Jazz Co. Below are the transactions for the company's first month of operations. REQUIRED: 1. Journalize the transactions using proper bookkeeping format. Use the general journal on the following pages. (12 marks) 2. Post only the cash transactions to the general ledger found on page 5 . (5 marks) Transactions for the month of June: Jun 1 John invested $10,000 cash and a personal vehicle with a fair value of $16,000 into the business. Jun 4 Received $20,000 cash for services provided. Jun 7 Received $2,400 cash for services to be provided next year. Jun 10 Paid a subscription fee of $4,800 for the upcoming year. Jun 12 Paid $4,600 cash to reduce the balance of accounts payable. Jun 15 Paid employees' wages of $15,600. Jun 18 Paid $700 interest on the note payable. Jun 23 Received a telephone bill for $1,100 which will be paid next month. Jun 25 Recorded business travel expenses worth $8,600 which will be paid next month. Jun 30 Purchased $640 of supplies for cash