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Below are the transactions for Abuisa Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $63,000 from the bank
Below are the transactions for Abuisa Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $63,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $33,000. June 7 Purchase car wash equipment for $68,000 cash. June 10 Purchase cleaning supplies of $7,300 on account. June 12 Wash 430 cars for $10 each. All customers pay cash. June 16 Pay employees $830 for work performed. June 19 Pay for advertising in a local newspaper, costing $430. June 23 Wash 530 cars for $10 each on account. June 29 Pay employees $880 for work performed. June 30 A utility bill of $1,330 for the current month is paid. June 30 Pay dividends of $530 to
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