Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

June 1 Stockholders invested $ 19,500 cash in the business in exchange for common stock. 2 3 5 9 12 15 Purchased a used van

image text in transcribed
image text in transcribed
June 1 Stockholders invested $ 19,500 cash in the business in exchange for common stock. 2 3 5 9 12 15 Purchased a used van for deliveries for $ 14,900. Nancy paid $ 3,100 cash and signed a note payable for the remaining balance Paid $ 700 for office rent for the month. Performed $ 4,500 of services on account Declared and paid $ 200 in cash dividends. Purchased supplies for $300 on account Received a cash payment of $ 1.500 for services performed on June 5. Purchased gasoline for $ 300 on account. Received $ 1,500 cash for services performed. Made a cash payment of $ 500 on the note payable Paid $ 100 for utilities Paid for the gasoline purchased on account on June 17 Paid $1,000 for employee salaries. 17 20 23 26 29 30 Nancy Tercek started a delivery service, Splish Brothers Inc, on June 1, 2022. 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 3 5 9 12 15 Purchased a used van for deliveries for $ 14,900. Nancy paid $ 3,100 cash and signed a note payable for the remaining balance. Paid $ 700 for office rent for the month. Performed $4,500 of services on account. Declared and paid $ 200 in cash dividends. Purchased supplies for $ 300 on account Received a cash payment of $1,500 for services performed on June 5. Purchased gasoline for $ 300 on account Received $ 1.500 cash for services performed. Made a cash payment of $500 on the note payable. Paid $ 100 for utilities Paid for the gasoline purchased on account on June 17 Paid $1,000 for employee salaries 17 20 23 26 29 30 June 1 Stockholders invested $ 19,500 cash in the business in exchange for common stock. 2 3 5 9 12 15 Purchased a used van for deliveries for $ 14,900. Nancy paid $ 3,100 cash and signed a note payable for the remaining balance Paid $ 700 for office rent for the month. Performed $ 4,500 of services on account Declared and paid $ 200 in cash dividends. Purchased supplies for $300 on account Received a cash payment of $ 1.500 for services performed on June 5. Purchased gasoline for $ 300 on account. Received $ 1,500 cash for services performed. Made a cash payment of $ 500 on the note payable Paid $ 100 for utilities Paid for the gasoline purchased on account on June 17 Paid $1,000 for employee salaries. 17 20 23 26 29 30 Nancy Tercek started a delivery service, Splish Brothers Inc, on June 1, 2022. 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 3 5 9 12 15 Purchased a used van for deliveries for $ 14,900. Nancy paid $ 3,100 cash and signed a note payable for the remaining balance. Paid $ 700 for office rent for the month. Performed $4,500 of services on account. Declared and paid $ 200 in cash dividends. Purchased supplies for $ 300 on account Received a cash payment of $1,500 for services performed on June 5. Purchased gasoline for $ 300 on account Received $ 1.500 cash for services performed. Made a cash payment of $500 on the note payable. Paid $ 100 for utilities Paid for the gasoline purchased on account on June 17 Paid $1,000 for employee salaries 17 20 23 26 29 30

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Produktivitat Von Dienstleistungen

Authors: Klaus Moller, Wolfgang Schultze

3rd Edition

3658040858, 9783658040857

More Books

Students also viewed these Accounting questions

Question

How do you think this problem should be treated?

Answered: 1 week ago

Question

What are the goals?

Answered: 1 week ago

Question

Are there other relevant characteristics about your key public?

Answered: 1 week ago

Question

What information remains to be obtained?

Answered: 1 week ago