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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 The following transactions occurred during the month
of June.
June
Stockholders invested $ cash in the business in exchange for common stock.
Purchased a used van for deliveries for $ Elizabeth paid $ cash and signed a note payable for the remaining
balance.
Paid $ for office rent for the month.
Performed $ of services on account.
Declared and paid $ in cash dividends.
Purchased supplies for $ on account.
Received a cash payment of $ for services performed on June
Purchased gasoline for $ on account.
Received $ cash for services performed.
Made a cash payment of $ on the note payable.
Paid $ for utilities.
Paid for the gasoline purchased on account on June
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