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Below are the transactions for Salukis Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $58,000 from the bank

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Below are the transactions for Salukis Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $58,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $28,000. June 7 Purchase car wash equipment for $63,090 cash. June 10 Purchase cleaning supplies of $6,800 on account. June 12 Wash 380 cars for $10 each. A1l customers pay cash. June 16 Pay employees $780 for work performed. June 19 . Pay for advertising in a local newspaper, costing $380. June 23. Wash 480 cars for $10 each on account. June 29 Pay employees $830 for work performed. June 30 A utility bill of $1,280 for the eurrent month is paid. June 30 Pay dividends of $480 to stockholders. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 11). Roview the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. Below are the transactions for Salukis Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $58,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $28,060. June 7 Purchase car wash equipment for $63,090 cash. June 10 Purchase cleaning supplies of $6,800 on account. June 12 Wash 380 cars for $10 each. All customers pay cash. June 16 Pay employees $780 for work performed. June 19 Pay for advertising in a local newspaper, costing $380. June 2) Wash 480 cars for $10 each on account. June 29 Pay employees $830 for work perfored. June 30 A utility bili of $1,280 for the current month is paid. June 30 pay dividends of sare to stockholders. Prepare the fournal entries for transactions. Note: if no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field. 1 Obtain a loan of $58,000 from the bank by signing a note. 2 Issue common stock in exchange for cash of $28,000. 3 Purchase car wash equipment for $63,000 cash. 4 Purchase cleaning supplies of $6,800 on account. 5 Wash 380 cars for $10 each. All customers pay cash. 6 Pay employees $780 for work performed. 7 Pay for advertising in a local newspapelog costing $380. Note : O= journal entry has been entered Prepare the journal entries for transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Require Wash 480 cars for $10 each on account. Note: Enter debits before credits. June 16 Purchase cleaning supplies ot $6,860 on account. June 12 Wash 380 cars for $10 each. All customers pay cash. June 16 Pay enployees $780 for work performed. June 19. Pay for advertising in a local newspaper, costing $380. June 23 Wash 480 cars for $10 each on account. June 29 Pay employees $830 for work performed. June 30 A utility bill of $1,280 for the current month is paid. June 30 Pay dividends of $48 to stockholders

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