Pridham Welding Company had the following transactions for June.

June 1 Tyler Pridham invested $8,430 cash in a small welding business.

2 Bought used welding equipment on account for $2,620.

5 Hired an employee to start work on July 15. Agreed on a salary of $3,760 per month.

17 Billed R. Windl $2,500 for welding work done.

27 Received $1,190 cash from R. Windl for work billed on June 17.

For each transaction, prepare a basic analysis and a debit/credit analysis, and journalize the transaction. Use the following format, in which the first one has been done for you as an example:

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June 1 transaction Basic Analysis The asset account Cash is increased by $8,430. The owner's equity account T. Pridham, Capital is increased by $8,430. Debits increase assets: debit Cash $8,430. Credits increase owner's equity: credit T. Pridham, Capital $8,430. Debit/Credit Analysis Journal Entry 8,430 June 1 Cash T. Pridham, Capital Invested cash in business. 8,430