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List of Transactions:
June 1- Peck Farms contributed $100,000 to the business in exchange for common stock
June 2- Paid monthly rent of $1,200 prepaid rent for the next three months $3,600
June 2- Paid utilities $500
June 2- Paid cash for 12month insurance policy starting on July 1st $8,000
June 3- Paid cash for land $15,000
June 3- Purchased office supplies on account $1,000
June 3- Paid for advertising $900
June 3- Purchased furniture on account $10,000
June 4- Purchased inventory $15,000; cash
June 5- Grand opening made $8,000 in sales
June 5- Paid $6,000 on account
June 7- Catered a wedding, received $400 cash
June 9- $3,000 sales; cash
June 10- Catered event, billed for $600
June 14- Paid Employees salaries $1,200
June 15- Catered an event, billed company $1,500
June 16- $2,500 sales; cash
June 17- $2,000 sales; cash
June 18- $3,000 sales; cash
June 19- Catered event, received $400 cash
June 20- $5,400 sales; cash
June 21- $5,000 sales; cash
June 22- Purchased $15,000 of inventory on account
June 23- Purchased building for $180,000. Paid $80,000 cash and signed a note payable to the bank for the remaining balance.
June 24- Paid $50,000 on note payable.
June 25- Received $8,000 to cater conference on July 17th
June 26- $8,000 sales; cash
June 27- Paid remainder on note payable
June 28- Received utility bill of $500 for the following month
June 29- Paid Employees salaries $1,200
June 30- Cash dividends paid to stockholders $8,000
From the list of transactions, create the following: a general journal, general ledger, and trial balance.
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