Question $5.$ In June, $2024,$ L&M Children's Boutique, Inc. was established in Lafayette, Louisiana, to provide seamstress services and designer clothing for infants and children in the Acadiana area. Bubbles Breaux and Anastasia Lee are the major stockholders in this corporation. Use the following data to prepare the journal entries for the following transactions that occurred during the month of June.

June $1$

$3$ Stockholders $($Bubbles & Anastasia$)$ invested $$90,000$ cash in the business.

Purchased shelves and cash register for $$25,000$; signed a $1$ year note for the balance.

Hired Trixie Keyes as a salesperson.

Provided $$1,000$ of services on account.

Collected $$600$ from the transaction on June $17.$

Paid $$800$ for utilities used during the month.

Paid receptionist $$1,500$ for June.

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