Problem 1: Prepare journal entries to record the following transactions of Daisy King Corp in the month of June. (25 points) 1. Purchased $8,200 of inventory on account. 2. Paid monthly salaries by cash, $9200. 3. Recorded sales for the period is: Cash sale: $7,100; credit sale: $5,300. Cost of those sales is $9000. The company uses perpetual inventory system. 4. Paid for inventory purchased in event (1). 5. Received cash payment of $6,300 from customer on goods to be delivered in August. 6. Paid two month rent in advance of $2000. 7. At the end of the month, adjust the monthly rent for month of June