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Question 3 of 4 < Transactions for Crane Ltd, for the month of June, its first month of operations, are presented below. June 1

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Question 3 of 4 < Transactions for Crane Ltd, for the month of June, its first month of operations, are presented below. June 1 Issued common shares to shareholders in exchange for $3,500 cash. 4 Purchased supplies on account for $350. 7 Billed J. Kronsnoble $450 for welding work done. 18 25 27 28 Received partial payment of $200 from J. Kronsnoble for work billed on June 7. Hired a new employee to start work on July 3. Received cash of $300 from Liu Controls Ltd. as a deposit for welding work to be done in July, Paid for supplies purchased on June 4. 29 Paid $100 for monthly income tax instalment. Journalize the transactions for Crane Ltd. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date June 3 Account Titles and Explanation June 4 June 7 June 18 June 25 June 27 < Debit Credit

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