Prepare the journal entries to record the following transactions for ABC Printers in June 2021. Dates and narrations are required.

1 June The owner made the following contributions to start the business: $200,000 cash and a vehicle valued at $60,000.

5 June The business purchased new Equipment for $10,000. A deposit of $3,000 was paid in cash and the remainder on credit.

8 June Collected cash $15,000 for printing services performed for clients.

12 June Paid 3 months rent of $18,000 in advance.

16 June The business paid the office assistants wages of $6,000.

20 June Paid $2,000 interest on the bank loan.

25 June Received $3,200 from customers for services to be provided in July.