The following information relates to the business of Lang Lang Piano School, owned by Mr Lang Lang, for the month of June 2020:

June

1 Lang Lang contributed cash of $100,000 and piano equipment of $30,000 to commence Lang Lang Piano School.

1 Paid $4,900 for advertising as incurred for the month.

1 Purchased supplies on account from suppliers for $21,000.

2 Charged tuition fees on account to customers of $15,000

8 Lang Lang withdrew $10,500 cash from the business for his personal use.

15 Paid salaries of $5,600.

19 Paid $3,700 to account suppliers.

23 Received $1,850 cash from account customers.

30 Paid salaries of $5,600.

30 Earned $20,000 in tuition fees from cash customers during the month.

30 Received interest on the bank account of $150 cash

Additional information

(i) Supplies on hand totalled $7,000

Required

(a) Prepare the information in the general journal. Narrations are not required

(b) Prepare the Bank ledger account

(c) Prepare the Income Statement for the month ended 30 June 2020

(d) List and calculate the reasons why the Bank ledger balance is different to the Net Profit for June 2020