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Nancy Tercek started a delivery service, Swifty Corporation, on June 1, 2020. The following transactions occurred during the month of June. June 1 2 3
Nancy Tercek started a delivery service, Swifty Corporation, on June 1, 2020. The following transactions occurred during the month of June. June 1 2 3 5 9 12 15 17 20 23 26 29 30 Stockholders invested $24,800 cash in the business in exchange for common stock. Purchased a used van for deliveries for $14,500. Nancy paid $3,900 cash and signed a note payable for the remaining balance. Paid $600 for office rent for the month. Performed $5,100 of services on account. Declared and paid $200 in cash dividends. Purchased supplies for $100 on account. Received a cash payment of $1,300 for services performed on June 5. Purchased gasoline for $300 on account. Received $1,700 cash for services performed. Made a cash payment of $400 on the note payable. Paid $150 for utilities. Paid for the gasoline purchased on account on June 17. Paid $2,660 for employee salaries.
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