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 June are as follows:

Beta Services

Balance Sheet

As at May 31, 2020

Liabilities

Accounts Payable

$20,000

Unearned Revenue O Note Payable

9,500

800 10,000

(4,000)

$36,300

Total Liabilities Owner's Equity

Deaville, Capital

Total Liabilities & Owners' Equity

Assets Cash

Accounts Receivable

Prepaid Insurance

Supplies on hand

Equipment

Accumulated Depreciation

Total Assets

Transactions for the month of June:

June 1

$11,000 5,200 6,300

22,500

13,800

$36,300

Stephanie transferred personal equipment into the business. The equipment had a fair value

of $32,000

Received $80,000 cash for services provided. Jun 7 Received $4,800 cash for services to be provided next year

Jun 4

Jun 10

Paid insurance of $9,600 for the upcoming year

June 12 Paid $9,200 cash to reduce the balance of accounts payable

June 15 Paid payroll worth 531,200

Jun 18

Paid $1400 interest on the note payable

Jun 23 Received telephone bill for $2200 which will be paid next month

June 25

Recorded business travel expenses worth $17.200 which will be paid next month

June 30 Purchased $1250 of supplies for cash.

REQUIRED

1 journalize the transactions using proper bookkeeping format. ise the

general

journal on

the following