Case Study 1 (Part A)(Learning Objectives 4, 5, 6: Analyze the impact of business transactions on accounts; record(journalize and post) transactions in the books; construct and use a trial balance) During the firstmonth of operation of Gordon Construction, Inc., completed the following transactions:June2Gordon received $65,000 cash and issued common stock to the stockholders.3Purchased supplies, $3,000, and equipment, $5,200, on account.4Performed services for a client and received cash, $6,300.7Paid cash to acquire land, $37,000.11Performed services for a customer and billed the customer, $1,200. Johnson expects tocollect within one month.16Paid partial for the equipment purchased June 3 on account $2,800.17Paid the telephone bill, $230.18Received partial payment from customer on account, $700.22Paid the water and electricity bills, $400.29Received $5,000 cash for repairing the pipes of a customer.30Paid employee salary, $4,300.30Declared and paid dividends of $5,000.?Requirements1. Record each transaction in the journal. Key each transaction by date. Explanations arenot required.2. Post the transactions to the T-accounts, using transaction dates as posting references.3. Prepare the trial balance of Gordon Construction, Inc., at June 30, 20xx.4. The manager asks you how much in total resources the business has to work with and,how much it owes.Case Study 1 (Part B)Requirement 1(Learning Objectives 3, 4: Adjust the accounts; construct the financial statements) Record thefollowing month end adjusting entries for Gordon Construction, Inc. at June 30, 20xxMonth end accruals at June 30, 20xx:a. Accrued advertising revenue at June 30, $5,100.b. Supplies used during June, $2,300.c. Accrued salary expense at June 30 for Monday, Tuesday, and Wednesday. The five-dayweekly payroll is $6,100 and will be paid on Friday.Requirement 2Prepare adjusted trial balance for Gordon Construction at June 30, 20xx.