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Below are the transactions for Oliver Printing, Incorporated for June, the first month of operations. June 1 Obtain a loan of $ 6 3 ,

Below are the transactions for Oliver Printing, Incorporated 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 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 an. wers in the tabs below.
General
Journal
T Accounts
Trial Balance
Post each transaction to the appropriate T-accounts and calculate the balance of each account.
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