Garcia 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. Jun. Jun. Jun. Jun. Jun. Jun. 1 Jose Garcia, the owner, invested $116,000 cash, office equipment with a value of $9,000, and $68,000 of drafting equipment to launch the company in exchange for common stock. 2 The company purchased land worth $53,000 for an office by paying $11,900 cash and signing a long-term note payable for $41,100. 3 The company purchased a portable building with $51,000 cash and moved it onto the land acquired on June 2. 4 The company paid $5,400 cash for the premium on an 18-month insurance policy. 5 The company completed and delivered a set of plans for a client and collected $9,400 cash. 6 The company purchased $24,800 of additional drafting equipment by paying $13,500 cash and signing a long-term note payable for $11,300. Jun. 7 The company completed $20,400 of engineering services for a client. This amount is to be received in 30 days. 8 The company purchased $1,550 of additional office equipment on credit. Jun. Jun. 9 The company completed engineering services for $23,600 on credit. Jun. 10 The company received a bill for rent of equipment that was used on a recently completed job. The $1,700 rent cost must be paid within 30 days. Jun. 12 The company collected $10,200 cash in partial payment from the client billed on June 9. Jun. 14 The company paid $1,600 cash for wages to a drafting assistant. Jun. 17 The company paid $1,550 cash to settle the account payable created in on June 8. Jun. 20 The company paid $1,125 cash for minor maintenance of its drafting equipment. Jun. 23 The company paid $9,640 cash in dividends. Jun. 28 The company paid $1,600 cash for wages to a drafting assistant. Jun. 29 The company paid $2,820 cash for advertisements on the web during June.

Garcia Engineering compieted 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 stbtements Fun. 1 Jote Carela, the osinee, trvested 5216,000 cash, off lice equipnent with a value of 59 , 000, and $68,009 of drafting equipoent to launch the cospany in exchange for conton stock. Jun. 2 The compony purchased lond worth $53, oeg for an office by paying 511,900 cash and 1 igning a long-terk note payable for $41,100. for $11, 300, purchased s2a, 2uts, The compeny, cowpleted \$20,400 of engineering services for a client. This anouot is ta be recelved in 20 days. Jun. Ii the congany furchased 11 , 5so of addit lonal oftice equiperent on credit, Jin, 39 the cospany conpleted englneering services for 523, theo on credit. paid within 30 - tsys. Jump 17 The compeny peid 51,600 cash for wages to a drafting assistant. Jini:21 The cotplany padd 59,046 cash in efvidendis. Garcia Engineering compieted 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 stbtements Fun. 1 Jote Carela, the osinee, trvested 5216,000 cash, off lice equipnent with a value of 59 , 000, and $68,009 of drafting equipoent to launch the cospany in exchange for conton stock. Jun. 2 The compony purchased lond worth $53, oeg for an office by paying 511,900 cash and 1 igning a long-terk note payable for $41,100. for $11, 300, purchased s2a, 2uts, The compeny, cowpleted \$20,400 of engineering services for a client. This anouot is ta be recelved in 20 days. Jun. Ii the congany furchased 11 , 5so of addit lonal oftice equiperent on credit, Jin, 39 the cospany conpleted englneering services for 523, theo on credit. paid within 30 - tsys. Jump 17 The compeny peid 51,600 cash for wages to a drafting assistant. Jini:21 The cotplany padd 59,046 cash in efvidendis