1. Prepare the journal entries for the following transactions for Ford Motor Company for June 2023. Additionally, prepare the ledger accounts and trial balance.

Date	Transaction	Debit ($)	Credit ($)
June 1	Issued common stock	500,000
June 5	Purchased inventory	150,000
June 10	Sales on credit		250,000
June 15	Paid salaries	75,000
June 20	Collected accounts receivable	200,000
June 25	Paid accounts payable		100,000