Below are the transactions for Oliver Printing, Incorporated for June, the first month of operations.

June $1$ obtain a loan of $$56,000$ from the bank by signing a note.

June $2$ Issue common stock in exchange for cash of $$26,000.$

June $7$ Purchase car wash equipment for $$61,000$ cash.

June $10$ Purchase cleaning supplies of $$6,600$ on account.

June $12$ wash $360$ cars for $$10$ each. All customers pay cash.

June $16$ Pay employees $$760$ for work performed.

June $19$ pay for advertising in a local newspaper, costing $${360}^{}.$

June $23$ Wash $460$ cars for $$10$ each on account.

June $29$ Pay employees $$810$ for work performed.

June $30$A utility bill of $$1,260$ for the current month is paid.

June $30$ Pay dividends of $$460$ to stockholders.

Required:

Record each transaction.

& $3.$ Post each transaction to the appropriate T$-$accounts and calculate the balance of each account.

Prepare a trial balance for June.

Complete this question by entering your answers in the tabs below.

General

T Accounts

Trial Balance

Prepare a trial balance for June.

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