Use the information provided in Appendix A (Trial Balance for Purity inc. and the list of the transactions that occurred during the month of June) to complete the following steps. The dlagrams here are for illustration purposes only; use the Excel template to actually record the entries. 1) Journalize the transactions that occurred in June. Do not include explanations. Final Assessment: Outine and Rubric 1 Accounting Cycle \& Transaction Analysis Final Assessment: Outline and Rubric 2) Open the ledger accounts listed in the frial balance together with their beginning balances at May 31. Use the four-column account format as lilustrated below. Enter "Bol" for the May 31 balance in the item column. Post the journal entries to the ledger, create new ledger accounts as necessary, and omit posting references. Calculate the new account balances at june 30, 2014. 3) Prepare the urial balance for Punty Water, incy, at june 30,2014 Final Assessment: Outline and Rubric 6 Accounting Cycle \& Transaction Analysis Final Assessment: Outline and Rubric During June the following transactions occurred: \begin{tabular}{l} Jun 1 Paid receptionist's salary, $550. \\ 234581113161718192122242628303030Paidcashtoacquirelandforafutureofficesite,$17,000.Movedintoanewlocationforthebusinessandpaidthefirstmonthsrent,$1,800.Performedserviceforacustomerandreceivedcash,$1,900.Received$400onaccount.Purchased$600ofsuppliesonaccount.Billedcustomersforservicesperformed,$2,800.Soldanadditional$10,000ofcommonstocktoMelHollingsworth.Paidreceptionistssalary,$550.Received$1,400cashforservicesperformed.Received$900fromcustomersonaccount.Paid$325tobelistedintheYellowPagestelephonedirectory.Paid$800onaccount.Purchasedofficefurnitureonaccount,$3,600.Paidmiscellaneousexpenses,$250.Billedcustomersforservicesprovided,$1,300.Received$1,600fromcustomersonaccount.Paidutilitybill,$690.Paidreceptionistssalary,$550.Paid$3,100ofdividends. \\ \hline \end{tabular} Jun 1 Paid receptionist's salary, $550. 2 Paid cash to acquire land for a future office site, $17,000. 3 Moved into a new location for the business and paid the first month's rent, $1,800. 4 Performed service for a customer and received cash, $1,900. 5 Received $400 on account. 8 Purchased $600 of supplies on account. 11 Billed customers for services performed, $2,800. 13 Sold an additional $10,000 of common stock to Mel Hollingsworth. 16 Paid receptionist's salary, $550. 17 Received $1,400 cash for services performed. 18 Received $900 from customers on account. 19 Paid $325 to be listed in the Yellow Pages telephone directory. 21 Paid $800 on account. 22 Purchased office furniture on account, $3,600. 24 Paid miscellaneous expenses, $250. 26 Billed customers for services provided, $1,300. 28 Received $1,600 from customers on account. 30 - Paid utility bill, $690. 30 Paid receptionist's salary, $550. 30 Paid $3,100 of dividends. Use the information provided in Appendix A (Trial Balance for Purity inc. and the list of the transactions that occurred during the month of June) to complete the following steps. The dlagrams here are for illustration purposes only; use the Excel template to actually record the entries. 1) Journalize the transactions that occurred in June. Do not include explanations. Final Assessment: Outine and Rubric 1 Accounting Cycle \& Transaction Analysis Final Assessment: Outline and Rubric 2) Open the ledger accounts listed in the frial balance together with their beginning balances at May 31. Use the four-column account format as lilustrated below. Enter "Bol" for the May 31 balance in the item column. Post the journal entries to the ledger, create new ledger accounts as necessary, and omit posting references. Calculate the new account balances at june 30, 2014. 3) Prepare the urial balance for Punty Water, incy, at june 30,2014 Final Assessment: Outline and Rubric 6 Accounting Cycle \& Transaction Analysis Final Assessment: Outline and Rubric During June the following transactions occurred: \begin{tabular}{l} Jun 1 Paid receptionist's salary, $550. \\ 234581113161718192122242628303030Paidcashtoacquirelandforafutureofficesite,$17,000.Movedintoanewlocationforthebusinessandpaidthefirstmonthsrent,$1,800.Performedserviceforacustomerandreceivedcash,$1,900.Received$400onaccount.Purchased$600ofsuppliesonaccount.Billedcustomersforservicesperformed,$2,800.Soldanadditional$10,000ofcommonstocktoMelHollingsworth.Paidreceptionistssalary,$550.Received$1,400cashforservicesperformed.Received$900fromcustomersonaccount.Paid$325tobelistedintheYellowPagestelephonedirectory.Paid$800onaccount.Purchasedofficefurnitureonaccount,$3,600.Paidmiscellaneousexpenses,$250.Billedcustomersforservicesprovided,$1,300.Received$1,600fromcustomersonaccount.Paidutilitybill,$690.Paidreceptionistssalary,$550.Paid$3,100ofdividends. \\ \hline \end{tabular} Jun 1 Paid receptionist's salary, $550. 2 Paid cash to acquire land for a future office site, $17,000. 3 Moved into a new location for the business and paid the first month's rent, $1,800. 4 Performed service for a customer and received cash, $1,900. 5 Received $400 on account. 8 Purchased $600 of supplies on account. 11 Billed customers for services performed, $2,800. 13 Sold an additional $10,000 of common stock to Mel Hollingsworth. 16 Paid receptionist's salary, $550. 17 Received $1,400 cash for services performed. 18 Received $900 from customers on account. 19 Paid $325 to be listed in the Yellow Pages telephone directory. 21 Paid $800 on account. 22 Purchased office furniture on account, $3,600. 24 Paid miscellaneous expenses, $250. 26 Billed customers for services provided, $1,300. 28 Received $1,600 from customers on account. 30 - Paid utility bill, $690. 30 Paid receptionist's salary, $550. 30 Paid $3,100 of dividends