Joe's Car Repairs started operating on June 1, 2017. The following transactions occurred during June: June 1 Joe invested $10,000 cash and invested equipment valued at $20,000. June 2 Paid rent on a small downtown garage for $2,500 (cash) to cover the month of June. June 3 Purchased equipment on account. $8,000. June 6 Paid $100 to sponsor a local sports team. June 10 Paid $250 for Joe's house rental. June 14 Paid employees' salaries of $2,000. June 15 Performed car repair work for the first two weeks of June. Billed and received $7,000. June 16 Performed car repair work for customer #233 - $1,000. The customer did not pay but agreed to pay within 30 days. June 22 Paid for the equipment purchase from June 3. June 26 Received one half of the amount owed from the June 16 transaction. June 30 Paid employees' salaries of $2,000. June 30 Received a telephone bill for $125 for June. Not yet paid. Required: Record all necessary journal entries based on the transactions above