Question 31 24 pts Journal Entries: Prepare Joumal entries in correct form to record the following transactions for ABS. Co. Use the appropriate account titles. Skip a line between entries, 4 points each. June 10. Issue Common stock for $40,000 cash June 12. Paid $1.800 for salaries in the current period June 15. Performed $1,500 of services on account for a customer June 20. Purchased equipment for use in the business at a cost of $8,000. $3,000 was paid in cash and the company signed a note for the balance June 29. Collected $500 from a customer on account June 30, ABC Co. paid $900 for electricity used in June Follow the format below. Date Account Title debit amount credit amount