Westervelt Inc runs a residential foundation repair business. Below are the transactions for their frst month of operations, June 2024. Ignore GST and income taxes for this example. 1.Jun issued 10,000 shares for 520,000 cash (posted as an example). 2-Jun Paid $4,800 in advance for 12 months of insurance, $400 for each month. 6-Jun Purchased $11,000 of furniture for the office with a 10 year useful life and $1,000 residuai value, 9-Jun signed a contract with a customer for services to be provided in June, July and August. Received a $12,000 deposit for the 3 months of services. 17 Jun Purchased $18,000 of supplies on creda to be used over the next 2 months 18.Jun Borrowed $40,000 from the bank the balance will be due within one yeat. 23-Jun Paid $4,000 for the for the supplies purchaved on June 17 th 24-Jun Beled $10,000 to customers for tepairs completed today 28-Jun Collected $4,800 for the amount billed on June 24m. 29-Jun Repaid $800 of the bank loan. 30.Jun Paid a $0.07 per share dividend to the existing shareholders at June 30 h. Required: (a) Record the transactions for the month (b) Post the transactions to the T-Account (c) Record the adjusting entries (d) Post the adjustments to the T-Accounts (e) Prepare the adjusted trial balance (f) Record the closing entries The following are the adjustments required for Westervelt Inc. for their frst month ending June 30, 2024 ADJUSTMENTS 30-Jun Used $1.600 of the supples purchased in June 170 30-Jun Provided one month of the repair senices prepaid for on January Sth 30-Jun Recivived a $600 bal for gas vilikes used to date (he bal wall be paid neat month) 30-Jun Recorded the vie of one month of the insurance paid on January 2 nd 30-Jun Recorded 1 month of depreciation on the fumiluze purchased on June 6h. Round to the nearest dollar