QUESTION 4 - Recording using debits and credits You are provided with the following financial information for Aiden Lee's Driving School. The business prepares reports at the end of every month so one month is equal to one period. June 1 The owner of the business invested $300,000 cash into the business to start a new business. The owner also invested in addition to the $300,000 cash a computer for $1,000 and a motor vehicle worth $30,000. June 2 The business paid $2,500 cash for 6 months' rent for the restaurant. The rent will start from 1/6. June 2 The business took out a loan for $12,000 cash from the bank to buy some office equipment. June 3 The business purchased supplies on credit for $800. (Assume it will take 3 months to use up all of the supplies). June 5 The business purchased some motor vehicles for $300,000. The business paid a $30,000 cash deposit and paid for the remainder by going to the bank and getting a loan for the rest of the amount needed to buy the motor vehicles. June 12 The business paid wages to employees for $3,500 cash. June 15 The business provided services for the first half of the month worth $12,500 on credit and $10,600 for cash. June 18 The business paid $150 cash for the amount owing for the supplies purchased on credit on the 3rd of June. June 20 The business paid back 5% of the amount of the loan taken out with the bank on the 2nd of June. June 23 The business received $350 cash from customers who owed money for services provided on credit on the 15th of June. June 27 The owner of the business withdrew $560 cash for personal use. June 28 The business paid $400 cash for advertising for the business for one month - the month of June. June 30 The business provided services for the second half of the month worth $9,200 on credit and $14,100 for cash. June 30 The business received $1,000 cash in advance from customers who want to book driving classes for July. REQUIRED: Record the events above in a general journal