June Journalize transactions. BE2.3 (LO 2), AP Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented as follows. Journalize the transactions. (You may omit explanations.) Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business. Purchases equipment on account for $1,200. Pays $800 cash to landlord for June rent. Bills P. Leonard $300 after completing welding work done on account. Identify and explain steps in recording process. 1 2 3 12