The following events occurred for Concord Limited for the month of June 2019: Date 1 June Prepaid $70,000 of office rent from 1 June to 31 December 2019. Borrowed $500,000 from International Bank by signing a note payable. 2 June 3 June Paid $300,000 cash for land. 7 June Performed services on account and earned revenue of $60,000. Paid cash for the following expenses: salary $16,000, interest $9,000. 30 June Adjusted the rent expense for June 2019 (refer to 1 June). Utilities bills of $2,000 was received and will be paid next month. 30 June Required: Prepare the above journal entries for the month of June 2019 for Concord Limited. Narration is NOT required. [Total marks for Question 1: 15 marks]