Nuncio Consulting completed the following transactions during June, Aarmand Nunncio, the owner, invested $35,000 cash along with office equipment valued at $11,000 in the new company in exchange for common stock. The company purchased land valued at $7,500 and a building valued at $40,000. The purchase is paid with $15,000 cash and a long-term note payable for $32.500. The company purchased $500 of office supplies on credit. A nuncio invested his personal automobile in the company in exchange for more common stock. The automobile has a value of %8,000 and is to be used exclusively in the business. The company purchased %1,200 of additional office equipment on credit The company paid $1,000 cash salary to an assistant. The company provide services to a client and collected $3,200 cash. The company paid $540 cash for this month's utilities. The company paid 4500 cash to settle the payable credited in transaction c