Journalize, Post & Prepare Trial Balance

June $1$ Sold $1,000$ shares of common stock for $$40,000$ cash.

June $2$ Purchased office equipment that cost $$30,000$ by signing a two$-$year, $7\%$ interestbearing note payable. The equipment has a usefull life of $5$ years.

June $3$ Purchased $$5,000$ of supplies on account. Hint. Debit Supplies.

June $4$ Performed $$2,000$ of consulting services on account.

June $5$ New client agreed to consulting proposal with $$1,000$ of work to begin next month.

June $6$ Paid $$6,000$ cash for a $6-$month insurance policy $($June through November$).$

June $13$ Paid $$2,500$ cash toward payable for June $3$ purchase of supplies.

June $15$ Received $$1,200$ cash in advance for consulting services to be performed in the future.

June $20$ Performed consulting services for $$5,000$ cash.

June $30$ Paid $$3,500$ cash for salaries for this period.

June $30$ Paid $$4,500$ cash for June rent for a short$-$term lease.