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Elizabeth Brown started a delivery service, Brown Deliveries, on June 1 , 2 0 2 7 . The following transactions occurred during the month of

Elizabeth Brown started a delivery service, Brown Deliveries, on June 1,2027. The following transactions occurred during the month
of June.
June
1
Stockholders invested $19,500 cash in the business in exchange for common stock.
2 Purchased a used van for deliveries for $15,000. Elizabeth paid $3,400 cash and signed a note payable for the remaining
balance.
3 Paid $500 for office rent for the month.
5 Performed $4,900 of services on account.
9 Declared and paid $200 in cash dividends.
12 Purchased supplies for $100 on account.
15 Received a cash payment of $1,200 for services performed on June 5.
17 Purchased gasoline for $300 on account.
20 Received $1,600 cash for services performed.
23 Made a cash payment of $800 on the note payable.
26 Paid $300 for utilities.
29 Paid for the gasoline purchased on account on June 17.
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