Following transactions occurred during June for Campus Cycle Shop. (10 MARKS)

a. Tyler invested $6,500 in the bike service from his personal savings account.

b. Bought office equipment for cash, $900.

c. Performed bike service for a customer on account, $1,000.

d. Company cell phone bill received, but not paid, $80.

e. Collected $500 from customer in transaction c.

f. Tyler withdrew $300 for personal use.

Required:

a) Record the above transactions in the General Journal. Posting reference will be Page 1 of General Journal.

b) Post the transactions in the ledgers.

c) Assign a numbering system to the accounts to be used as posting references.