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kits on credit from Pool Manufacturers Inc. (PMI) for the upcoming pool installation season. In addition, the following events occurred: (8 marks) 6 On lanuary 1,2018 Golden Pool Supplies Inc. (GPSI) purchased $300,000 of above ground pool Jan 15, 2018-GPSI received $50,000 in deposits from customers to install above ground pools this coming 2018 spring Jan i6. 2018-GPSI paid $100.000 to PMI on account of the purchased kits on January 1, 2018. February 1, 2018- of a Note fl agreed to Payable, bearing interest at 8%, due December 31, 2018. GPSI and PMI agreed to formalize the amount owed by GPSI to PMI by way March 15, 2018 -GPSI installed an above ground pool for a customer. The customer gave a $ s000 deposit to GPSI on January Jan 15 and the total contract price for the pool install was $18 15, 2018 which is included in the total deposits received on 000. Required: GPSI has a June 30 year end. Please prepare the journal entries and adjusting entries (if any) at June 30, 2018 to reflect the above events