Transactions for Sandhill Ltd. for the month of June, its first month of operations, are presented below: June 1 Issued common shares to shareholders in exchange for $6,000 cash. 4 Purchased supplies on account for $200. 7 Billed J. Kronsnoble $600 for welding work done. 18 Received partial payment of $200 from J. Kronsnoble for work billed on June 7. 25 Hired a new employee to start work on July 3. 27 Received cash of $200 from Liu Controls Ltd. as a deposit for welding work to be done in July 28 Paid for supplies purchased on June 4. 29 Paid $150 for monthly income tax instalment. (a) Prepare a basic analysis. (if no transaction is required, select "No Entry" for the account titles. June 1 4 7 18 25 27 28 29 eTextbook and Medla List of Accounts Save for Later Account Debited Account Credited Assistance Used Assistance Used Attempts: 0 of 3 used Submit Answer