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 January 31, 2018 using the same template.

June

3rd

ABC Company pays $32,000 cash for equipment.

June

5th

ABC Company purchases $15,000 of merchandise inventory on credit from a supplier.

June

8th

ABC Company pays $ 800 in cash for employee salary.

June

11th

ABC Company pays $15,000 cash to settle the account payable created on June 5th.

June

15th

The owner withdraws $1,000 cash from ABC Company for personal use.

June

19th

ABC Company sold merchandise inventory that had cost $8,000 for $11,000 cash (Note: This transaction will require two journal entries).

June

24th

ABC Company pays $560 cash for this month's utilities.

June

27th

ABC Company pays $6,000 cash (insurance premium) for a 6-month insurance policy. Coverage begins July 1st.

June

30th

ABC Company pays $2,000 cash for rent.

Part 3
Required: Enter the journal entries from the transactions found on the Transaction tab
Journal Entries
Date	Account Number	Account Title	Debit	Credit

Required: Complete the Trial Balance as of June 30, 2020
Trial Balance
Account Number	Account Title	Debit	Credit
101	Checking
110	Merchandise Inventory
120	Prepaid Insurance
130	Equipment
201	Accounts Payable
301	Owner's Capital
302	Owner's Withdrawals
401	Sales Revenue
601	COGS
602	Salary Expense
603	Utility Expense
604	Rent Expense
		-	-