Question 1 ABCD Company provides delivery services for its clients. The company had the following transactions during the month of June, 2022: June 2 Received $90,000 cash from shareholders in exchange for 25,000 stock shares. June 3 Purchased equipment by paying $6,900 cash. June 4 Provided delivery services and received $19,000 cash from a client. June 5 Billed a client for $2,000 of delivery services completed. June 15 Sold piece of equipment for $300 cash. June 22 Purchased office supplies for $1,400. Paid $600 cash and signed a 3-month note for the balance. June 29 Paid rent for the month with $500. June 30 Received electricity bill of the month, $200. Instructions: Journalize the above transactions. Include an explanation for each entry