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 Accounts Receivable 9,500 Unearned Revenue Prepaid Insurance 0 Note Payable Supplies on hand 800 Equipment 10,000 Accumulated Depreciation (4,000) Total abilities Owner's Equity Deaville, Capital Total Assets $36,300 Total abilities & Owners' Equity $11,000 5,200 6,300 22,500 13,800 $36,300 Transactions for the month of June Jun 1 Stephanie transferred personal equipment into the business. The equipment had a fair value of $16,000 Jun 4 Received $40,000 cash for services provided Jun 7 Received $2,400 cash for services to be provided next year Jun 10 Paid insurance of 54,800 for the upcoming year Jun 12 Paid 54,600 cash to reduce the balance of accounts payable lunis Paid payroll worth $15,600 Jun 1 Paid $700 interest on the note payable un 23 Received telephone bill for $1100 which will be adnext month 25 Recorded business travel expenses worth S600 which will be paid next month Jun 30 Purchased 5640 of supplies for cash REQUIRED 1 Journal the transactions using proper bookkeeping format use the generaternal on the following potes (12 marks) Post only the cach transactions to the general ledger found on page marks) 2 Part I - Answer sheet Page 5 Credit JOURNAL PR Debit Date Account Title & Explanation Part I Answer sheet - continued Page 5 JOURNAL Date Account Title & Explanation PR Debit Credit Part 1 - Answer sheet - continued GENERAL LEDGER Cash PR DEBIT Account Number 101 BALANCE DATE EXPLANATION CREDIT