Stephanie Deaville is the owner of Beta Services. She has hired you to update the transactions for her business. Stephanie has provided you with the opening balances and a list of transactions for the month of June. The opening balances for the month of June are as follows: Beta Services Balance Sheet As at May 31, 2020 Assets Liabilities Cash $20,000 Accounts Payable $11,000 Accounts Receivable 9,500 Unearned Revenue 5,200 Prepaid Insurance 0 Note Payable 6,300 Supplies on hand 800 Equipment 10,000 Accumulated Depreciation (4,000) Total Liabilities 22,500 Owner's Equity Deaville, Capital 13,800 Total Assets $36,300 Total Liabilities & Owners' Equity $36,300 Transactions for the month of June: Jun 1 Stephanie transferred personal equipment into the business. The equipment had a fair value of $8,000. $8,000 Jun 4 Received $20,000 cash for services provided. $20,000 Jun 7 Received $1,200 cash for services to be provided next year. $1,200 Jun 10 Paid insurance of $2,400 for the upcoming year. $2,400 Jun 12 Paid $2,300 cash to reduce the balance of accounts payable. $2,300 Jun 15 Paid payroll worth $7,800. $7,800 Jun 18 Paid $350 interest on the note payable. $350 Jun 23 Received telephone bill for $550 which will be paid next month. $550 Jun 25 Recorded business travel expenses worth $4,300 which will be paid next month. $4,300 Jun 30 Purchased $320 of supplies for cash. $320 REQUIRED: 1. Journalize the transactions using proper bookkeeping format. Use the general journal on the following pages. (12 marks) 2. Post only the cash transactions to the general ledger