Walker Company has just started the operations in July. The company is owned by Franklin Walker.The following transactions have taken place in the first month of operation. DatesTransactionsJuly $1$Received cash investment of $ $650,000$ from Franklin Walker.July $1$Purchased two computers for $$50,000$ for cash.July $4$Received $$10,000$ service income in cash from services provided.July $5$Purchased supplies of $$1,000$ on credit. The payment will be made on $20$ July.July $6$Paid advertising expense of $$1,500.$July $12$Provided $$6,500$ worth of services on account.July $15$Received cash of $$6,000$ in advance from ABC. The company will provide the service for the next three months.July $20$Paid telephone bill of $$220.$July $20$Paid supplies purchased on $5$ July.July $31$Paid monthly salary to employee of $ $8,000.$ Required:Journalize the transactions above in the format Below. DateAccount titles and explanationReference