Scott Mighty commenced his own accounting service business on the first day of

June $2022.$ Below are some transactions of the business in the first month of

operation.

June $2022$

Purchased a second$-$hand sedan for $$21,000$ on credit.

Income received in cash for taxation services, $$1,400.$

Paid account at the local service station for petrol, $$280.$

Paid two weeks' rent in advance $$600.$

Bill negotiated with possible business partner to contribute $520,000$ as a

partner to the business.

Purchased on credit office suite of furniture $$56,000.$

Paid part of office furniture purchased on $13$ June, $$2,000.$

Paid telephone bill, $5451.$

REQUIRED:

Prepare a worksheet outlining the above transactions for Scott Mighty.