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Nancy Tercek started a delivery service, Trecek Deliveries, on June 1, 2015. The following transactions occurred during the month of June. June 1 Stockholders invested

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Nancy Tercek started a delivery service, Trecek Deliveries, on June 1, 2015. The following transactions occurred during the month of June. June 1 Stockholders invested $10,000 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries for $14,000. Nancy paid $2,000 cash and signed a note payable for the remaining balance. 3 Paid $500 for office rent for the month. 5 Performed $4,800 of services on account. Accounting in Action June 9 Declared and paid $300 in cash dividends. 12 Purchased supplies for $150 on account. 15 Received a cash payment of $1,250 for services performed on June 5 17 Purchased gasoline for $100 on account. 20 Received a cash payment of $1,500 for services performed. 23 Made a cash payment of $500 on the note payable. 26 Paid $250 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $1,000 for employee salaries

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