Question
Pat Donahue started his own delivery service.Donahue deliveries on June 1,2016.The following transactions occurred during the month of June. June 1: Pat invested $60000 cash
Pat Donahue started his own delivery service.Donahue deliveries on June 1,2016.The following transactions occurred during the month of June.
June 1: Pat invested $60000 cash ,$40000 equipment and $20000 building in the business.
June 2: Purchased a used van for deliveries for $100000 paying $2000 cash and signed a note payable for the remaining balance.
June 5: Performed $24000 of services on account.
June 9: Withdrew $2000 cash for personal use.
June 10: Loosed good because of fire into warehouse $2000.
June 15: Received a cash payment of $2050 for services provided on June 5.
June 27: Placing order for purchase paying $4500.
June 30: Paid $1000 for employee salaries and still due in $2000.
Required: Provide the journal entries for the transactions.
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