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 Journal

T Accounts

Trial Balance

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