Based on the information below create a journal entry and post each transaction to a T account. After that create a balance sheet, income statement, and statement of cashflow. Sally Johnsbn decides to start a lemonade stand to sell drinks at events during the summer. Below are the transaction her lemonade stand business had in her first month of business. - Sally contributes $500 of her savings and borrows $500 from her mom to start the business on 6/1/2023. - Sally purchases a lemonade stand cart that is fully furnishd with all the equipment she needs for $600 on 6/2/2023. - Sally purchases ingredients to make lemonade for $100 on 6/2/2023. - Sally buys a vendor permit that will allow her bring her lemonade stand to the county fair to sell lemonade for $100 on 6/5/2023. - Sally sells $1,200 of lemonade at the county fair on 6/15/2023. - Sally pays her friend Gretta $150 for helping her sell lemonade on 6/15/2023 - Sally repays $250 of the loan her mom gave her on 6/30/2023. Based on the information below create a journal entry and post each transaction to a T account. After that create a balance sheet, income statement, and statement of cashflow. Sally Johnsbn decides to start a lemonade stand to sell drinks at events during the summer. Below are the transaction her lemonade stand business had in her first month of business. - Sally contributes $500 of her savings and borrows $500 from her mom to start the business on 6/1/2023. - Sally purchases a lemonade stand cart that is fully furnishd with all the equipment she needs for $600 on 6/2/2023. - Sally purchases ingredients to make lemonade for $100 on 6/2/2023. - Sally buys a vendor permit that will allow her bring her lemonade stand to the county fair to sell lemonade for $100 on 6/5/2023. - Sally sells $1,200 of lemonade at the county fair on 6/15/2023. - Sally pays her friend Gretta $150 for helping her sell lemonade on 6/15/2023 - Sally repays $250 of the loan her mom gave her on 6/30/2023