Transactions for Sunland Ltd. for the month of June, its first month of operations, are presented below: June 1 Issued common shares to shareholders in exchange for $2,000 cash. 4 Purchased supplies on account for $200. 7 Billed J. Kronsnoble $600 for welding work done. 18 Received partial payment of $250 from J. Kronsnoble for work billed on June 7. 25 Hired a new employee to start work on July 3. 27 28 Received cash of $300 from Liu Controls Ltd. as a deposit for welding work to be done in July. Paid for supplies purchased on June 4. 29 Paid $100 for monthly income tax instalment. (a) Prepare a basic analysis. (If no transaction is required, select "No Entry" for the account titles.) June 1 7 18 25 27 28 29 Account Debited Account Credited