Below are the transactions for Salukis Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $65,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $35,000. June 7 Purchase car wash equipment for $70,000 cash. June 10 Purchase cleaning supplies of $7,500 on account. June 12 Wash 450 cars for $10 each. All customers pay cash. June 16 Pay employees $850 for work performed. June 19 Pay for advertising in a local newspaper, costing $450. June 23 Wash 550 cars for $10 each on account. June 29 Pay employees $900 for work performed. June 30 A utility bill of $1,350 for the current month is paid. June 30 Pay dividends of $550 to stockholders.