Learning Objectives 4, 5, 6: Analyze the impact of businesstransactions on accounts; record (journalize and post) transactionsin the books; construct and use a trial balance) During the firstmonth of operation of Gordon Construction, Inc., completed thefollowing transactions: June 2 Gordon received $55,000 cash andissued common stock to the stockholders. 3 Purchased supplies,$3,000, and equipment, $5,200, on account. 4 Performed services fora client and received cash, $6,300. 7 Paid cash to acquire land,$37,000. 11 Performed services for a customer and billed thecustomer, $1,200. Johnson expects to collect within one month. 16Paid partial for the equipment purchased June 3 on account $2,800.17 Paid the telephone bill, $230. 18 Received partial payment fromcustomer on account, $700. 22 Paid the water and electricity bills,$400. 29 Received $5,000 cash for repairing the pipes of acustomer. 30 Paid employee salary, $4,300. 30 Declared and paiddividends of $3,000. ?Requirements • 1. Record each transaction inthe journal. Key each transaction by date. Explanations are notrequired. • 2. Post the transactions to the T-accounts, usingtransaction dates as posting references. • 3. Prepare the trialbalance of Gordon Construction, Inc., at June 30, 20xx. • 4. Themanager asks you how much in total resources the business has towork with and, how much it owes. Case Study 1 (Part B) Requirement2 (Learning Objectives 3, 4: Adjust the accounts; construct thefinancial statements) Record the following month end adjustingentries for Gordon Construction, Inc. at June 30, 20xx Month endaccruals at June 30, 20xx: • a. Accrued advertising revenue at June30, $3,100. • b. Supplies used during June, $2,300. • c. Accruedsalary expense at June 30 for Monday, Tuesday, and Wednesday. Thefive-day weekly payroll is $6,100 and will be paid on Friday.Requirement 2 Prepare adjusted trial balance for GordonConstruction at June 30, 20xx. How much are the total resources?How much does the business owe? How much profit was made inJune?