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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 $64,000 from the bank
Below are the transactions for Salukis Car Cleaning for June, the first month of operations. June 1 obtain a loan of $64,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $34,000. June 7 Purchase car wash equipment for $69,000 cash. June 10 Purchase cleaning supplies of $7,400 on account. June 12 Wash 440 cars for $10 each. All customers pay cash. June 16 Pay employees $840 for work performed. June 19 Pay for advertising in a local newspaper, costing $440. June 23 Wash 540 cars for $10 each on account. June 29 Pay employees $890 for work performed. June 30 A utility bill of $1,340 for the current month is paid. June 30 Pay dividends of $540 to stockholders. Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 11 > Obtain a loan of $64,000 from the bank by signing a
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