You are an accountant of Rapid Transport Service. The following information is available about the entity's business transactions in June 2019.

June

1

Owner invested $50,000 in the business

5

Purchased equipment for $6,000, paid $2,000 in cash and agreed to pay the rest in 30 days

7

Paid office rent for the next six months 10,000

12

Sent an invoice to a client for the service provided 2,500

14

Received an advance payment of $8,000 from a client for the service will be provided in next 3 months

Required:

Prepare general journal entries for Rapid Transport Service. Ignore GST.

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