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Problem 1-4A Nancy Tercek started a delivery service, Tercek Deliveries, on June 1, 2015. The following transactions occurred during the month of June. June 1
Problem 1-4A Nancy Tercek started a delivery service, Tercek Deliveries, on June 1, 2015. The following transactions occurred during the month of June. June 1 Stockholders invested $17,230 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries for $14,614. Nancy paid $3,708 cash and signed a note payable for the remaining balance. 3 Paid $484 for office rent for the month. 5 Performed $4,582 of services on account. 9 Declared and paid $267 in cash dividends. 12 Purchased supplies for $245 on account. 15 Received a cash payment of $1,313 for services provided on June 5. 17 Purchased gasoline for $129 on account. 20 Received a cash payment of $1,570 for services provided. 23 Made a cash payment of $725 on the note payable. 26 Paid $218 for utilities. 29 Paid for the gasoline purchased on account on June 17 30 Paid $1,018 for employee salaries
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