Prepare the general journal entries:

1) June 1 : Purchase supplies on account, $500.

2) June 3: Purchase 200 units of inventory with cash.

3) June 5: Provide 30 hours of services to customers for cash (calculate using your hourly service rate).

4) June 9: Sell 200 units of inventory on account.

5) June 12: Sell 50 units of inventory to a customer on account with a sales discount of 2/10, n/30.

6) June 14: Purchase an additional 100 units of inventory on account.

7) June 20: The customer who purchased product on June 12th pays the amount due (within discount period).

8) June 22: Receive cash in advance for 15 hours of services to be completed in the future.

9) June 27 : Sell 200 units of inventory to a customer who signs a 6 month promissory note at 10% interest for the balance due.

10) June 30: Pay employee salaries, $1,000.

11) June 30: Pay cash dividends to shareholders, $600.

Service Price= $80.00

Sales Price= $65.50

Inventory Cost= $25.00