4 Record purchase of cages and equipment necessary to maintain the animals, $7,400 cash. 5 Record payment of employees' salaries for the first half of the month, $5,500. 6 Record payment of dividends to stockholders, $1,300. 7 Record receipt of cash in advance from a customer who wants to house his two dogs (Chance and Shadow) and cat (Sassy) while he goes on vacation the month of July, $1,600. 8 Record payment of utilities for the month, $2,300. 9 Record salaries earned by employees for the second half Required information Problem 4-5B Record transactions, post to the Cash T-account, and prepare the statement of cash flows (LO4-7) (The following information applies to the questions displayed below.) Peter loves dogs and cats. For the past several years, he has owned and operated Homeward Bound, which temporarily houses pets while their owners go on vacation. For the month of June, the company has the following transactions: 1. June 2 obtain cash by borrowing $20,000 from the bank by signing a note. 2. June 3 Pay rent for the current month, $1,000. 3. June 7 Provide services to customers, $4,200 for cash and $2,500 on account. 4. June 11 Purchase cages and equipment necessary to maintain the animals, $7,400 cash. 5. June 17 Pay employees' salaries for the first half of the month, $5,500. 6. June 22 Pay dividends to stockholders, $1,300. 7. June 25 Receive cash in advance from a customer who wants to house his two dogs (Chance and Shadow) and cat (Sassy) while he goes on vacation the month of July, $1,600. 8. June 28 Pay utilities for the month, $2,300. 9. June 38 Record salaries earned by employees for the second half of the month, $5,500. Payment will be made on July 2. Journal entry worksheet Record receipt of cash by borrowing $20,000 from the bank by signing a note. Note: Enter debits before credits. Debit Credit Date General Journal June 02 Cash Notes Payable 20,000 20,000 Record entry Clear entry View general journal