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Complete the steps in the measurement of external transactions (LO2-4, 2-5.2-6) Below are the transactions for Salukis Car Cleaning for June, the first month of
Complete the steps in the measurement of external transactions (LO2-4, 2-5.2-6) Below are the transactions for Salukis Car Cleaning for June, the first month of operations: June 1 Obtain a loan of $70,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $40,000 June 7 Purchase car wash equipment for $75,000 cash. June 10 Purchase cleaning supplies of $8,000 on account. June 12 Wash 500 cars for $10 each. All customers pay cash. June 16 Pay employees $900 for work performed. June 19 Pay for advertising in a local newspaper, costing $500. June 23 Wash 600 cars for $10 each on account. June 29 Pay employees $950 for work performed. June 30 A utility bill of $1, 400 for the current month is paid. June 30 A utility bill of $1, 400 for the current month is paid. June 10 Pay dividends of $600 to stockholders. Prepare a trial balance for June
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