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June 1 New creased the new compary by iewesting 540,000 cash. $5,000 of fumpure, and computer equipmert worth 560004 2. The compwny tented furnithed otice space by paying $3.200 rent far the first thoneh 3. The compary purchased $2.400 of eftice nipples for cash. 10 The compeny pidid 57,200 tor the premium on a coe yes insurance policy t4. The owner' atshath wat pid 53.600 for twe weekr satory 24 The company colected 513,600 of cominissions from aifises en sckets otitained far cistooner. 28 The astistant was paid another 53600 foe two weeks' satary. 29. The compary paid the monchis 13.500 phone bat 30 The comperly repered its compoter tar 5700 on accourt. 30 The ewnel whicew $2.850 cash froen the buseness for porsonat use The company's chart of accounts induded these accounts: Required 1. Set up each of the listed accounts. Note: Your instructor will tell you to wse eifher the balance column format or T-aconunts 2. Prepare journal entries to record the transactions for June and post them to the accounts. 3. Use the following information to journalize and post the adjustments for the month: a. Two-thinds of one month's insurance coverage was consumed. b. There were $1,600 of office supplies on hand at the end of the month. c. Depreciation on the computer equipment was estimated to be $1,650 and 5400 on the furniture. d. The assistant had earned $320 of unpaid and unrecorded salary. e. The company had earned $3,500 of commissions that had not yet been billed. 4. Prepare an income statement, a statement of changes in equity, and a classified balance sheet. 5. Prepare journal entries to close the temporary accounts and post them to the accounts. 6. Prepare a post-closing trial balance. The adjusted trial balance for Impressions Dance School has been provided for the year ended September 30 , 2020. The new bookkeeper alphabetized the accounts. Required Prepare an income statement and a statement of changes in equity for the year ended September 30, 2020, plus a September 30, 2020, classified balance sheet. The owner made no investments during the year. Analysis Component: Alisha Bjorn wants to buy a new car for the business. As her bank manager, what do you advise