Part 3: Using transactions provided in the worksheet below.complete the following (1) create journal entries for your company using the template provided; and (2) complete the Trial Balance at June 30, 2018 using the same template ACG1001 ABC.Company Transactions and Trial Balance.xlsx ransactions M June Ist June 3rd June Sth June 8th June 11th ABC Company receives $50,000 cash from the owner as a contribution ABC Company pays $32,000 cash for equipment. ABC Company purchases $15,000 of merchandise Inventory on credit from a supplier ABC Company pays $ 300 in cash for employee salary. ABC Company pays $15,000 cash to settle the account payable created on June 5th. The owner withdraws $1,000 cash from ABC Company for personal use. ABC Company sold merchandise Inventory that had cost $8,000 for $11,000 cath (Note: This transaction will require two journal entries). ABC Company pays $560 cash for this month's utilities ABC Company pays 56,000 cash insurance premium) for a 6-month insurance policy. Coverage beginsJuly 1st. June 15th June 19th June 24th June 27th June 30th ABC Company pays $2,000 cash for rent