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Record the June $1$ transaction on the books of $(1)$ Cynthia and $(2)$ Mountain. $($Credit account titles are automatically indented when

amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the

account titles and enter $0$ for the amounts.$)$

$(1)$ Cynthia Ltd$.$

Date Account Titles and Explanation

Debit

Credit

June $1$

$5520$

$(2)$ Mountain Insurance Corp.

Date Account Titles and Explanation

Debit

Credit

June $1$

Insurance Revenue