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prepare journal entries using transactions above Part 1 The following is a list of transactions that have occurred during the month of June. Date June

image text in transcribedprepare journal entries using transactions above
Part 1 The following is a list of transactions that have occurred during the month of June. Date June 1 June 2 June 2 June 2 June 3 June 4 June 5 June 5 June 6 June 10 June 15 June 18 June 22 June 28 June 30 Transaction Invested cash into the company for stock 1,000,500 Borrowed 111,000 + $100,000 in the form of a note payable. Purchased land with cash for 25,000 Purchased building with cash for 335,850. Purchased equipment on account for 111,000 Purchased a 12-month insurance policy for $24,000. Purchased $10,000 of Inventory on account. Generated $20,000 in revenues. This was paid in cash. Generated $10,000 in revenues on account. Paid $1,500 in cash for advertising. Paid a utility bill of $2,000 in cash. Received a $500 cash deposit for a future services. Paid $1,800 in cash to repair an elevator. Paid $4,000 in wages in cash. $500 in dividends were paid in cash. Required

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