Kindly help on above problem

This comprehensive review problem requires you to complete the accounting cycle for Sullivan Realty twice. This will allow you to review Chapters 1 to 50 while reinforcing the relationships among all parts of the accounting cycle. By completing two cycles, you will see how the ending June balances in the ledger are used to accumulate data in July. (The blank forms you need are on MyLab Accounting.) On June 1, John Sullivan opened a real estate office in Hamilton called Sullivan Realty. The following transactions were completed for the month of June. Note that facsimile documents have been provided to illustrate these events: 2022 June 3 #1, p. 231 #2, p. 231 John Sullivan invested $20,000 cash in the real estate agency, along with $4,000 worth of office equipment. Rented office space and paid three months' rent in advance, $3,000, cheque No. 601. 3 Sullivan Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned 112 Accounts Receivable 114 Prepaid Rent Expenses 115 Office Supplies 511 Rent Expense 121 Office Equipment 512 Salaries Expense 122 Accumulated Depreciation, Office Equipment 513 Gas Expense 123 Automobile 514 Repairs Expense 124 Accumulated Depreciation, Automobile 515 Telephone Expense 516 Advertising Expense Liabilities 517 Office Supplies Expense 211 Accounts Payable 518 Depreciation Expense, Office Equipment 212 Accrued Salaries 519 Depreciation Expense, Automobile 524 Miscellaneous Expense Owner's Equity 311 John Sullivan, Capital 312 John Sullivan, Withdrawals 313 Income Summary 240 1. CURRENT ACCOUNT DEPOSIT SLIP PLEASE LIST FOREIGN CHEQUES ON A SEPARATE DEPOSIT SLIP ROYAL BANK VISA AND CHEQUES DETAILS CASH (INCL COUPONS) VISA VOUCHER TOTAL Sullivan 20,000.00 X 5 X 10 June 3, 2022 X 20 DATE X 50 DEPOSITOR'S TELLER'S INITIALS INITIALS X 100 US X PRL COIN CREDIT ACCOUNT OF CANADIAN CASH TOTAL SULLIVAN REALTY 20,000.00 VISA 20,000.00 CHOS U.S. RATE CHOS. U.S. RATE CASH NET DEPOSIT 20,000.00 COMPARED WITH ORIGINAL DEPOSIT 1: 05337 123'498'. 51 SLIP AS TO TOTAL ONLY 2. S SULLIVAN REALTY 485 KING STREET WEST HAMILTON, ONTARIO L9H 6W3 PHONE (905) 527-1223 601 June 3 20 22 $3,000 PAY TO THE ORDER OF Hamilton One Property Management Co. Three thousand 00/100 DOLLARS THE ROYAL BANK OF CANADA MAIN BRANCH 204 KING STREET WEST HAMILTON, ONTARIO L9H 429 SULLIVAN REALTY FOR_Rent - June-August 2022 PER John Sullivan II TOO0L0L 1: 05337 123'498'6 #3a & b, p. 241 #4a & b, pp. 241 & 242 #5, p. 242 #6a & b, pp. 242 & 243 #7, p. 243 #8, p. 243 #9, p. 244 2022 June 4 Bought a company automobile. Cheque No. 602, $14,000.00 4 Purchased office supplies. Wrote cheque No. 603, $300. 5 Purchased additional office supplies on account, $150. 6 Sold a house and collected a $6,000 commission. 7 Paid gas bill for car, $22. Cheque No. 604. 14 Paid the salary of the part-time office secretary, $350. Cheque No. 605. 18 Sold a building lot and earned a commission, $6,500. Payment is to be received on July 9. 21 John Sullivan withdrew $1,000 from the business to pay personal expenses. Cheque No. 606. 21 Sold a house and collected a $3,500 commission. #10, p. 244 #11a & b, p. 244 & 245 #7, p. 243 #8, p. 243 #9, p. 244 #10, p. 244 #11a & b, p. 244 & 245 #12, p. 245 #13a & b, p. 245 & 246 #14, p. 246 #15a & b, pp. 246 & 247 #16, p. 247 7 Paid gas bill for car, $22. Cheque No. 604. 14 Paid the salary of the part-time office secretary, $350. Cheque No. 605. 18 Sold a building lot and earned a commission, $6,500. Payment is to be received on July 9. 21 John Sullivan withdrew $1,000 from the business to pay personal expenses. Cheque No. 606. 21 Sold a house and collected a $3,500 commission. 24 Paid gas bill for car. $25. Cheque No. 607. 25 Paid $600 to repair automobile. Cheque No. 608. 28 Paid the salary of the part-time office secretary, $350. Cheque No. 609. 28 Paid the June telephone bill, $510. Cheque No. 610. 28 Received advertising bill for June, $1,200. The bill is to be paid by July 5. . . AUTO CITY WEST 2674 King Street West Hamilton, Ontario L9H 1A1 Phone (905) 527-9755; Fax (905) 527-9756 INVOICE INVOICE NO. WEA1097 DATE: June 4/22 TERMS: Cash 1 ONLY 2008 275 4-Door Automatic 14,000 $14,000 SUBTOTAL Make all cheques payable to Auto City West 14,000 FREIGHT PAYMENT RECEIVED - Cheque #602 - Thank you TAX $14,000 TOTAL DUE THANK YOU FOR YOUR BUSINESS! 3b. 5 3 SULLIVAN REALTY 485 KING STREET WEST HAMILTON, ONTARIO L9H 6W3 PHONE (905) 527-1223 602 June 4 20 22 $14,000.00 Auto City West PAY TO THE ORDER OF anne Fourteen thousand ann 00 /100 DOLLARS THE ROYAL BANK OF CANADA MAIN BRANCH 204 KING STREET WEST HAMILTON, ONTARIO L9H 429 SULLIVAN REALTY FOR Automobile Iow. WEA1097 John Sullivan PER TITOO0602 1: 05337 123'4986 4a. Office Depot INVOICE #53 Niagara Mall Hamilton, Ontario L9H 1B1 Phone (905) 527-1233, Fax (905) 527-1234 DATE: NUMBER: TERMS: Jun 4/22 D198795 Cash SOLD TO: Sullivan Realty 485 King Street West Hamilton, Ontario L9H 6W3 SHIPPED TO: Sullivan Realty 485 King Street West DATE DESCRIPTION UNIT PRICE AMOUNT Jun 4/22 $300.00 Office supplies PAYMENT RECEIVED - CHQ #603 - THANK YOU Subtotal 300.00 Total $300.00 Business Number: 115555559 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS INE ADUVE THANK YOU FOR YOUR BUSINESS 242 4b. 5 SULLIVAN REALTY 485 KING STREET WEST HAMILTON, ONTARIO L9H 6W3 PHONE (905) 527-1223 603 June 4 20 22 $ 300.00 PAY TO Office Depot THE ORDER OF wwww Three hundred una 00 /100 DOLLARS THE ROYAL BANK OF CANADA MAIN BRANCH 204 KING STREET WEST HAMILTON, ONTARIO L9H 429 SULLIVAN REALTY John Sullivan FOR PER Office supplies IIT000603 1: 05337 123'498'6 5. INVOICE Office Depot #53 Niagara Mall Hamilton, Ontario L9H 1B1 Phone (905) 527-1233, Fax (905) 527-1234 DATE: NUMBER: TERMS: Jun 5/22 D198825 net 30 SOLD TO: Sullivan Realty 485 King Street West Hamilton, Ontario L9H 6W3 SHIPPED TO: Sullivan Realty 485 King Street West DATE DESCRIPTION UNIT PRICE AMOUNT Jun 5/22 Office supplies $150.00 Subtotal 150.00 Total $150.00 Business Number: 115555559 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Hi Penchiasat 6,000.00 June 6, 2022 CURRENT ACCOUNT DEPOSIT SLIP PLEASE LIST FOREIGN CHEQUES ON A SEPARATE DEPOSIT SLIP ROYAL BANK VISA AND CHEQUES DETAILS CASH (INCL COUPONS) VISA VOUCHER TOTAL X 5 X 10 X 20 DATE X 50 DEPOSITOR'S TELLER'S INITIALS INITIALS X 100 X COIN CREDIT ACCOUNT OF CANADIAN CASH TOTAL VISA & SULLIVAN REALTY CHOS U.S RATE CHOS U.S. RATE CASH NET DEPOSIT COMPARED WITH ORIGINAL DEPOSIT 1: 05337 123'498'. SLIP AS TO TOTAL ONLY JS MG 6,000.00 6,000.00 6,000.00 51 243 6b. SULLIVIAN REALTY 243 6b. SULLIVAN REALTY COMMISSION REPORT Date June 6, 2022 Name: Mr. and Mrs. Harold Penchant Date Sales Description Sales No. Commission Amount Jun 6/22 Home at 44 Brookhaven Crescent A1001 $6,000.00 Paid in full. C001 Remarks: 7. 7. s SULLIVAN REALTY 485 KING STREET WEST HAMILTON, ONTARIO L9H 6W3 PHONE (905) 527-1223 604 20 22 June 7 PAY TO THE ORDER OF Anderson Petroleum Ltd. Twenty-two muun $ 22.00 00/100 DOLLARS THE ROYAL BANK OF CANADA MAIN BRANCH 204 KING STREET WEST HAMILTON, ONTARIO L9H 429 SULLIVAN REALTY FOR Gas bill - June 7 PER John Sullivan IITO00604 l: 05337 123'4986 8. SULLIVAN REALTY 605 8. S SULLIVAN REALTY 485 KING STREET WEST HAMILTON, ONTARIO L9H 6W3 PHONE (905) 527-1223 605 June 14 20 22 $ 350.00 PAY TO Pamela Dawson THE ORDER OF wwww Three hundred fifty. THE ROYAL BANK OF CANADA 00 /100 DOLLARS MAIN BRANCH 204 KING STREET WEST HAMILTON, ONTARIO L9H 429 SULLIVAN REALTY FOR Salary - June 1-14 John Sullivan PER IPODOLOS I: 05337 123'498'. 244 9. SULLIVAN REALTY COMMISSION REPORT Date June 18, 2022 244 9. SULLIVAN REALTY COMMISSION REPORT Date June 18, 2022 Name: East End Land Developers Commission Amount Date Sales Description Sales No. Jun 18/22 Lot at 999 King Street East A1002 $6,500.00 C002 Remarks: Payment due July 9, 2022 10. 10. S SULLIVAN REALTY 485 KING STREET WEST HAMILTON, ONTARIO L9H 6W3 PHONE (905) 527-1223 606 June 21 20 22 $ 1,000.00 John Sullivan PAY TO THE ORDER OF wann One thousand woun 00 1100 DOLLARS THE ROYAL BANK OF CANADA MAIN BRANCH 204 KING STREET WEST HAMILTON, ONTARIO L9H 429 SULLIVAN REALTY FOR Withdrawal PER John Sullivan IITODOLOL 1: 05337 123'4986 11a. CURRENT ACCOUNT DEPOSIT SLIP ROYAL BANK PLEASE LIST FOREIGN CHEQUES ON A SEPARATE DEPOSIT SLIP VISA AND CHEQUES DETAILS CASH (INCL COUPONS) 11a. 3,500.00 June 21, 2022 CURRENT ACCOUNT DEPOSIT SLIP PLEASE LIST FOREIGN CHEQUES ON A SEPARATE DEPOSIT SLIP ROYAL BANK VISA AND CHEQUES DETAILS CASH (INCL COUPONS) VISA VOUCHER TOTAL L. Harrison X 5 X 10 X 20 DATE X 50 DEPOSITOR'S TELLER'S INITIALS INITIALS X 100 COIN CREDIT ACCOUNT OF CANADIAN CASH TOTAL VISA & SULLIVAN REALTY CHOS U.S. RATE CHQS U.S. CASH NET DEPOSIT COMPARED WITH ORIGINAL DEPOSIT T: 05337 123'498'6 51 SLIP AS TO TOTAL ONLY PD AS 3,500.00 3,500.00 RATE 3,500.00 245 11b. 245 11b. SULLIVAN REALTY COMMISSION REPORT Date June 21, 2022 Name: Ms Laura Harrison Commission Amount Date Sales Description Sales No. Jun 21/22 Home at 842 Alder Road A1003 $3,500.00 Paid in full.