Posting each transaction to the appropriate T-accounts and calculate the balance of each account.

Required information Problem 2-7B Complete the steps in the measurement of external transactions (LO2-4,2-5, 2-6) [The following information applies to the questions displayed below.) Below are the transactions for Salukis Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $57,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $27,000. June 7 Purchase car wash equipment for $62,000 cash. June 10 Purchase cleaning supplies of $6,700 on account. June 12 Wash 370 cars for $10 each. All customers pay cash. June 16 Pay employees $770 for work performed. June 19 Pay for advertising in a local newspaper, costing $370. June 23 Wash 470 cars for $10 each on account. June 29 Pay employees $820 for work performed. June 30 A utility bill of $1,270 for the current month is paid. June 30 Pay dividends of $470 to stockholders. 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account. Cash Accounts Receivable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Supplies Equipment Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accounts Payable Notes Payable Beg. Bal. 1 Beg. Bal. End. Bal. End. Bal. Common Stock Dividends Beg. Bal. Beg. Bal. End. Bal. End. Bal. Service Revenue Salaries Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Advertising Expense Utilities Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal