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P1-4A Nancy Tercek started a delivery service, Tercek Deliveries, on June 1, 2015. The Analyze transactions and following transactions occurred during the month of June.

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P1-4A Nancy Tercek started a delivery service, Tercek Deliveries, on June 1, 2015. The Analyze transactions and following transactions occurred during the month of June. June 1 Stockholders invested $10,000 cash in the business in exchange for common Lo prepare financial stateme (LO 6,7,8) .,.0) stock Purchased a used van for deliveries for $14,000. Nancy paid $2,000 cash and signed a note payable for the remaining balance. Paid $500 for office rent for the month. Performed $4,800 of services on account. 2 3 5

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