GENERAL JOURNAL PostDebit Ref Date Account and Explanation Credit Jun1 Cash Jun Capital 97,000 97,000 (capital contribution) JunDance Equipment Jun1 Cash 59,000 59,000 (cash purchase of equipment) Jun1 Cash Jun1 Bank Loan Payable 198,000 198,000 (received cash loan) Jun1Prepaid Advertising 7,200 Jun1 Cash 7,200 (paid for prepaid expense) Jun3 Office Supplies 2,500 Jun3 Accounts Payable 2,500 (credit purchase of office supplies) Jun 4 Cash 4,000 Jun 4Revenues 4,000 (provision of services for cash) 190 Jun7 Telephone Expense Jun7 Cash 190 (paid telephone expense)