The business has the following opening balances: Cash At Bank Account Receivable Motor Vehicle Account Payable Bank Loan (due 2023) Furniture Promotional Material Supplies Capital $15,473 $17,773 $31,061 $8.217 $21.511 $27.480 $511 Additional Information: Bank loan interest rates (% per year) Motor vehicle useful life (years) Motor vehicle scrap value (5) Insurance paid for (months) Rent paid for (months) Furniture useful life (years) Furniture scrap value (S) Closing stock of promotional materials 30/6 (5) Staff work a 14 day fortnight and are paid on the 15th day. 2,889 4 787 Transactions: Date Description 1-Jun Paid General Insurance 3-Jun Rent of Business Premises 4-Jun Auction commission - Account 6-Jun Receive Payment from Account Customers 7-Jun Rental commission - Account 10-Jun Advertising placement fees - Cash 13-Jun Auction commission - Cash 14-Jun Purchase promotional materials 15-Jun Staff Wages 20-Jun Advertising placement fees - Account 26-Jun Rental commission - Account 27-Jun Receive Payment from Account Customers 28-Jun Payment to Account Payable 29-Jun Staff Wages Amount $2,869 $3,852 $1,146 $1,232 $1,351 $1,082 $1,830 $656 $2,428 $910 $1,367 $1,253 $1,425 $2,428 Date Description 1-Jun Rental commission - Cash 4-Jun Auction commission - Cash 6-Jun Motor Vehicle Expenses 6-Jun Advertising placement fees - Cash 8-Jun Rental commission - Cash 12-Jun Cash Withdrawals by Owner 14-Jun Auction commission - Account 14-Jun Advertising Expense - Cash 15-Jun Advertising placement fees - Account 22-Jun Advertising Expense - Account 27-Jun Additi cash contributed by owner 27-Jun Sundry Expenses 28-Jun Payment to Account Payable Amount $1,879 $1,722 $339 $972 $1.547 5855 S1,180 $690 $904 $1,213 $3,720 $204 $845 Comments: - Assume that this assignment involves an existing business that was purchased by the new owner on 1 June 2020. - Note the list of transactions is in date order, left to right, line by line. - Use three separate ledger accounts for revenue, namely rental commission, auction commission and advertisement placement fees. All revenues relate to the month of June. - Transactions involve cash unless specified as 'Account'. - Record payments for rent and insurance in prepaid accounts initially, - Information relevant to complete adjusting entries can be found in the top right section of this page. - The periods to which the rent and insurance apply commence on June. - Round your calculations to the nearest dollar. 2.39 The business has the following opening balances: Cash At Bank Account Receivable Motor Vehicle Account Payable Bank Loan (due 2023) Furniture Promotional Material Supplies Capital $15.473 $17.773 $31.061 $8.217 $21.511 $27.480 5511 2 Additional Information: Bank loan interest rates (per year) Motor vehicle useful life (years) Motor vehicle scrap value (S) Insurance paid for months) Rent paid for months) Furniture useful life (vears) Fumiture scrap value (5) Closing stock of promotional materials 306 (5) Staff work a 14 day fortnight and are paid on the 15th day. Transactions: Date Description 1-Jun Paid General Insurance 3-Jun Rent of Business Premises 4-Jun Auction commission - Account 6-Jun Receive Payment from Account Customers 7-Jun Rental commission - Account 10-Jun Advertising placement fees - Cash 13-Jun Auction commission - Cash 14-Jun Purchase promotional materials 15-Jun Star Wages 20-Jun Advertising placement fees - Account 26-Jun Rental commission. Account 27-Jun Receive Payment from Account Customers 28-Jun Payment to Account Payable 29-Jun Stall Wages Amount $2,869 $3.852 S1,146 S1.232 S1,351 S1,082 S1,630 5656 S2.428 5910 51,367 S1,253 S1425 S2.428 Date Description 1-Jun Rental commission - Cash 4-Jun Auction commission - Cash 6-Jun Motor Vehicle Expenses 6-Jun Advertising placement fees - Cash 8-Jun Rental commission - Cash 12-Jun Cash Withdrawals by Owner 14-Jun Auction commission - Account 14-Jun Advertising Expense - Cash 15-Jun Advertising placement fees - Account 22-Jun Advertising Expense - Account 27-Jun Additional cash contributed by owner 27 Jun Sundry Expenses 28-Jun Payment to Account Payable Amount $1,879 $1.722 $319 5972 $1.547 SUSS S1, 1NO 5690 5904 $1.213 $1.720 5204 5845 Comments Assume that this assignment involves an existing business that was purchased by the new owner on 1 June 2020. - Note the list of transactions is in date order, left to right, line by line. - Use three separate ledger accounts for revmue, namely rental commission, aaction commission and advertisement placement fees. All revenues relate to the month of June. - Transactions involve cash unless specified as "Account". - Record payments for rent and insurance in prepaid accounts initially, - Information relevant to complete adjusting entries can be found in the top right section of this page - The periods to which the rent and insurance apply commence on June. - Round your calculations to the nearest dollar The business has the following opening balances: Cash At Bank Account Receivable Motor Vehicle Account Payable Bank Loan (due 2023) Furniture Promotional Material Supplies Capital $15,473 $17,773 $31,061 $8.217 $21.511 $27.480 $511 Additional Information: Bank loan interest rates (% per year) Motor vehicle useful life (years) Motor vehicle scrap value (5) Insurance paid for (months) Rent paid for (months) Furniture useful life (years) Furniture scrap value (S) Closing stock of promotional materials 30/6 (5) Staff work a 14 day fortnight and are paid on the 15th day. 2,889 4 787 Transactions: Date Description 1-Jun Paid General Insurance 3-Jun Rent of Business Premises 4-Jun Auction commission - Account 6-Jun Receive Payment from Account Customers 7-Jun Rental commission - Account 10-Jun Advertising placement fees - Cash 13-Jun Auction commission - Cash 14-Jun Purchase promotional materials 15-Jun Staff Wages 20-Jun Advertising placement fees - Account 26-Jun Rental commission - Account 27-Jun Receive Payment from Account Customers 28-Jun Payment to Account Payable 29-Jun Staff Wages Amount $2,869 $3,852 $1,146 $1,232 $1,351 $1,082 $1,830 $656 $2,428 $910 $1,367 $1,253 $1,425 $2,428 Date Description 1-Jun Rental commission - Cash 4-Jun Auction commission - Cash 6-Jun Motor Vehicle Expenses 6-Jun Advertising placement fees - Cash 8-Jun Rental commission - Cash 12-Jun Cash Withdrawals by Owner 14-Jun Auction commission - Account 14-Jun Advertising Expense - Cash 15-Jun Advertising placement fees - Account 22-Jun Advertising Expense - Account 27-Jun Additi cash contributed by owner 27-Jun Sundry Expenses 28-Jun Payment to Account Payable Amount $1,879 $1,722 $339 $972 $1.547 5855 S1,180 $690 $904 $1,213 $3,720 $204 $845 Comments: - Assume that this assignment involves an existing business that was purchased by the new owner on 1 June 2020. - Note the list of transactions is in date order, left to right, line by line. - Use three separate ledger accounts for revenue, namely rental commission, auction commission and advertisement placement fees. All revenues relate to the month of June. - Transactions involve cash unless specified as 'Account'. - Record payments for rent and insurance in prepaid accounts initially, - Information relevant to complete adjusting entries can be found in the top right section of this page. - The periods to which the rent and insurance apply commence on June. - Round your calculations to the nearest dollar. 2.39 The business has the following opening balances: Cash At Bank Account Receivable Motor Vehicle Account Payable Bank Loan (due 2023) Furniture Promotional Material Supplies Capital $15.473 $17.773 $31.061 $8.217 $21.511 $27.480 5511 2 Additional Information: Bank loan interest rates (per year) Motor vehicle useful life (years) Motor vehicle scrap value (S) Insurance paid for months) Rent paid for months) Furniture useful life (vears) Fumiture scrap value (5) Closing stock of promotional materials 306 (5) Staff work a 14 day fortnight and are paid on the 15th day. Transactions: Date Description 1-Jun Paid General Insurance 3-Jun Rent of Business Premises 4-Jun Auction commission - Account 6-Jun Receive Payment from Account Customers 7-Jun Rental commission - Account 10-Jun Advertising placement fees - Cash 13-Jun Auction commission - Cash 14-Jun Purchase promotional materials 15-Jun Star Wages 20-Jun Advertising placement fees - Account 26-Jun Rental commission. Account 27-Jun Receive Payment from Account Customers 28-Jun Payment to Account Payable 29-Jun Stall Wages Amount $2,869 $3.852 S1,146 S1.232 S1,351 S1,082 S1,630 5656 S2.428 5910 51,367 S1,253 S1425 S2.428 Date Description 1-Jun Rental commission - Cash 4-Jun Auction commission - Cash 6-Jun Motor Vehicle Expenses 6-Jun Advertising placement fees - Cash 8-Jun Rental commission - Cash 12-Jun Cash Withdrawals by Owner 14-Jun Auction commission - Account 14-Jun Advertising Expense - Cash 15-Jun Advertising placement fees - Account 22-Jun Advertising Expense - Account 27-Jun Additional cash contributed by owner 27 Jun Sundry Expenses 28-Jun Payment to Account Payable Amount $1,879 $1.722 $319 5972 $1.547 SUSS S1, 1NO 5690 5904 $1.213 $1.720 5204 5845 Comments Assume that this assignment involves an existing business that was purchased by the new owner on 1 June 2020. - Note the list of transactions is in date order, left to right, line by line. - Use three separate ledger accounts for revmue, namely rental commission, aaction commission and advertisement placement fees. All revenues relate to the month of June. - Transactions involve cash unless specified as "Account". - Record payments for rent and insurance in prepaid accounts initially, - Information relevant to complete adjusting entries can be found in the top right section of this page - The periods to which the rent and insurance apply commence on June. - Round your calculations to the nearest dollar