value: 30.00 points Jessica Pothier opened FunFlatables on June 1. The company rents out moon walks and inflatable slides for parties and corporate events. The company also has obtained the use of an abandoned ice rink located in a local shopping mall, where its rental products are displayed and available for casual hourly rental by mall patrons. The following transactions occurred during the first month of operations 1. Jessica contributed $48,000 cash to the company on June 1 in exchange for its common stock. 2. Purchased inflatable rides and inflation equipment on June 2, paying $33,900 cash 3. Received $5,300 cash from casual hourly rentals at the mall on June 3 4. Rented rides and equipment to customers for $11,200. Received cash of $3,250 on June 4 and the rest is due from customers 5. Received $4,250 from a large corporate customer on June 5 as a deposit on a party booking for July 4 6. Began to prepare for the July 4 party by purchasing various party supplies on June 6 on account for $1,070 7. On June 7, paid $6,050 in cash for renting the mall space this month 8. On June 8, prepaid next month's mall space rental charge of $6,050 9. Received $2,450 on June 9 from customers on accounts receivable 10.Paid $2,500 for running a television ad on June 10 11.Paid $4,650 in wages to employees on June 30 for work done during the month Required 1. Prepare the journal entry for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction listView journal entry worksheet No Transaction General Journal Debit Credit Cash 48,000 Common Stock 48,000 2 2 Equipment Cash 33,900 33,900 Cash 5,300 Service Revenue 5,300 4 Cash 3,250 Accounts Receivable 7,950 Service Revenue 11,200