The trail balance sheet of Cloud Break Consulting, Inc is dated June 30, 2019: Assets Liabilities Cash 131,000 Account Payable 159,00 0 104,000 4,000 Account Receivable Supplies Prepaid rent Inventory Notes payable salary payable Loan Payable Unearned Revenue Total Liabilities 60,000 25,000 70,000 27,000 40.000 Total current assts 266,00 0 354,000 50,000 190.00 Total owner's equity land 45,000 building 300,000 Shareholder's Equity Accumulated -155,000 Common Stocks depreciation -building Retained Eaming 52,000 Total fixed asset 102,000 456,00 Total Liabilities and Total Assets Equity 456,000 During the month of June, the business incurred the following transactions: 1. Deposited $4,000 cash in the business's bank account. The company received the cash and issued 70% common stocks, and 30% preferred stocks 2. The company purchased a new furniture for $3,750 on account from IKEA 3. The company bought equipment, paying cash, 8750 4. The company purchased office supplies for $2000 cash. 5. The company provided services to the Walker Company for $12,000 on account 6. The company paid $500 to IKEA 7. The company received $4,000 in cash for services provided to a new customer. 8. Shortly after opening the business, the company paid the month's rent of $8500 9. One customer declared his bankrupt. So the Cloud Break Consulting failed to collect 1% of its accounts receivable (bad Debt expense). 10. The company paid $4000 cash to repair car. 11. The company received $8,200 cash from Walker Company 12. Declared and paid dividends of $1600. 13. Collecting 80% of accounts receivable. 14. The company paid 50% of its accounts payable. 15. Supplies on hand at month-end, 53000 16. Salary owed but not paid yet $2000 17. Nine months of rent ($27,000) were paid in advance on April 1, 2019. No rent expense has been recorded since that date. 18. $10.000 out of the unearned service revenue was earned during lune. 19. The loan accrues interest at 2.5% per month. No interest was paid in June 20. The bookkeeper recorded a payment to accounts payable of 5410 as $140 21. Income tax is 2.5% 22. EFT payment of insurance expense, $4000. Required: Record theses business transactions in Journal entry, and create the financial statements Journal entry of Cloud Break Consulting, Inc is dated June 30, 2019 No Account Debit Credit 1 3 Please help sor to me with (Ending balance) CASH Account receivable Account payable