Show Attempt History Current Attempt in Progress Transactions for Sandhill Ltd. for the month of June, its first month of operations, are presented below. June 1 Issued common shares to shareholders in exchange for $6,000 cash (a) 4 Purchased supplies on account for $200. 7 Billed J. Kronsnoble $600 for welding work done. 18 Received partial payment of $200 from J. Kronsnoble for work billed on June 7. 25 Hired a new employee to start work on July 3. 27 28 Received cash of $200 from Liu Controls Ltd. as a deposit for welding work to be done in July Paid for supplies purchased on June 4. 29 Paid $150 for monthly income tax instalment Your answer is correct Prepare a basic analysis. (If no transaction is required, select "No Entry" for the account titles) June Cash 4 Suppiles Account Debited 7 Accounts Receivable 18 Cash 25 No Entry 27 Cash Account Credited Common Shares Accounts Payable Service Revenue Accounts Receivable No Entry Deferred Revenue 8 8 28 Accounts Payable Cash 29 Income Tax Expense Cash