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Nancy Tercek started a delivery service, Splish Brothers Inc., on June 1, 2019. The following transactions occurred during the month of June. June 1 Stockholders
Nancy Tercek started a delivery service, Splish Brothers Inc., on June 1, 2019. 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 $14,900. Nancy paid $3,100 cash and signed a note payable for the remaining balance. | |
3 | Paid $700 for office rent for the month. | |
5 | Performed $4,500 of services on account. | |
9 | Declared and paid $200 in cash dividends. | |
12 | Purchased supplies for $300 on account. | |
15 | Received a cash payment of $1,500 for services performed on June 5. | |
17 | Purchased gasoline for $300 on account. | |
20 | Received $1,500 cash for services performed. | |
23 | Made a cash payment of $500 on the note payable. | |
26 | Paid $100 for utilities. | |
29 | Paid for the gasoline purchased on account on June 17. | |
30 | Paid $1,000 for employee salaries. |
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