Duerr Engineering completed the following transactions in the month of June.

Using the following transactions, record journal entries, create financial statements, and assess the impact

Duerr Engineering completed the following transactions in the month of June.

Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the

financial statements.

June $1$ Melanie Duerr, the owner, invested $$150,000$ cash, office equipment with a value of $$17,500,$ and $$85,000$ of

drafting equipment to launch the company in exchange for common stock.

June $2$ The company purchased land worth $$61,500$ for an office by paying $$23,800$ cash and signing a long$-$term note

payable for $$37,700.$

June $3$ The company purchased a portable building with $$42,500$ cash and froved it onto the land acquired on June $2.$

June $4$ The company paid $$10,500$ cash for the premium on an $18-$month instrance policy.

June $5$ The company completed and delivered a set of plans for a client and collected $$16,200$ cash.

June $6$ The company purchased $$35,000$ of additional drafting equipment by paying $$22,000$ cash and signing a long$-$term

note payable for $$13,000.$

June $7$ The company completed $$34,000$ of engineering services for a client. This amount is to be received in $30$ days.

June $8$ The company purchased $$2,400$ of additional office equipment on credit.

June $9$ The company completed engineering services for $$27,000$ on credit.

June $10$ The company received a bill for rent of equipment that was used on a recently completed job. The $$2,550$ rent

cost must be paid within $30$ days.

June $12$ The company collected $$17,000$ cash in partial payment from the client billed on June $9.$

June $14$ The company paid $$1,400$ cash for wages to a drafting assistant.

June $17$ The company paid $$2,400$ cash to settle the account payable created in on June $8.$

June $20$ The company paid $$1,550$ cash for minor maintenance of its drafting equipment.

June $23$ The company paid $$9,980\frac{?}{?}$

June $1$ Melanie Duerr, the owner, invested $$150,000$ cash, office equipment with a value of $ $$17,500,$ and $$85,000$ of

drafting equipment to launch the company in exchange for common stock.

June $2$ The company purchased land worth $$61,500$ for an office by paying $$23,800$ cash and signing a long$-$term note

payable for $$37,700.$

June $3$ The company purchased a portable building with $$42,500$ cash and rroved it onto the land acquired on June $2.$

June $4$ The company paid $$10,500$ cash for the premium on an $18-$month instrance policy.

June $5$ The company completed and delivered a set of plans for a client and collected $$16,200$ cash.

June $6$ The company purchased $$35,000$ of additional drafting equipment by paying $$22,000$ cash and signing a long$-$term

note payable for $$13,000.$

June $7$ The company completed $$34,000$ of engineering services for a client. This amount is to be received in $30$ days.

June $8$ The company purchased $$2,400$ of additional office equipment on credit.

June $9$ The company completed engineering services for $$27,000$ on credit.

June $10$ The company received a bill for rent of equipment that was used on a recently completed job. The $$2,550$ rent

cost must be paid within $30$ days.

June $12$ The company collected $$17,000$ cash in partial payment from the client billed on June $9.$

June $14$ The company paid $$1,400$ cash for wages to a drafting assistant.

June $17$ The company paid $$2,400$ cash to settle the account payable created in on June $8.$

June $20$ The company paid $$1,550$ cash for minor maintenance of its drafting equipment.

June $23$ The company paid $$9,980$ cash in dividends.

June $28$ The company paid $$1,400$ cash for wages to a drafting assistant.

June $29$ The company paid $$3,500$ cash for advertisements on the web during June.