Using the chart of accounts provided on page 2 of the Exam 3 format document, journalize the following transactions for the month of June. Proper journal formattin required. Not all accounts provided in the chart of accounts will be used. 1 Sold 1.000 shares of preferred stock, $50 par, for $60,000 1 Purchased $15,000 of merchandise inventory by issuing a 120 day, 10% interest paying note. 5 Received the Insurance bill of $2.500 for June insurance coverage. Payment is not due until June 30 7 Recorded services provided to clients on account. $7.500. 15 Sold Merchandise for cash, $5,000. The cost of the goods sold was $3,000. 20 Received payment from clients on account. $1,800 25 Paid employees $6,000 30 Paid cash dividend of $7.500. The dividend was declared and recorded in the month of May. 31 Paid the insurance bill received on June 5 At the end of June, the following adjustment data were assembled. 31 Accrued 1 month's interest on the note issued on June 1 31 The unadjusted trail balance indicates supplies of $2,750. The actual amount of supplies on hand is $1.000 31 Depreciation of the Othce Equipment is $820 for the month