The following events occurred during the month of June for Abbotsfords Sports Gymnasium School.

June 1 The owner of the business invested $350,000 cash to start the business. The owner also invested equipment worth $120,000 and furniture worth $80,000 in addition to the $350,000 cash.

June 2 Paid $3000 for rent for the month of June for the business. The owner will pay rent every month until he can find a building to purchase.

June 2 The business purchased more equipment for $30,000. The business paid a $20,000 cash deposit and paid for the remainder by going to the bank and getting a loan for the rest of the amount needed to buy the equipment.

June 6 Purchased gymnasium supplies for $900 on credit. (Assume the supplies be used for more than one month).

June 8 The business provided services to customers and received $2,300 cash from the customers as soon as the services were provided.

June 12 The business purchased some furniture for $9,000 on credit. The amount owing will be paid in July so no cash has been paid on the 12^th of June.

June 14 The owner paid for their personal telephone bill for the owners house using cash from the business. The amount paid was $600.

June 15 Provided services to customers for $3,800. The customers did not pay any cash on the 15^th of June and will pay after the 15^th of June.

June 16 The business paid $6,400 for wages for the first half of June.

June 22 Provided services to customers for cash for a total of $5,200.

June 24 Paid the half of the amount owing for supplies purchased on the 6^th of June.

June 27 Provided services to customers worth $8,100 on credit and $7,600 for cash.

June 29 Received $2,020 cash from customers who owe money for services performed on credit on the 15^th of June.

June 30 The business paid $9,100 for wages for the second half of June.

June 30 The business paid $3,000 cash on the loan used to purchase equipment on the 2^nd of June.

Record the events above using a perpetual inventory system in the General Journal provided on the next page.

GENERAL JOURNAL

Date	Accounts	Debit	Credit