Question
Problem 1-4A (Part Level Submission) Nancy Tercek started a delivery service, Blue Spruce Corp., on June 1, 2019. The following transactions occurred during the
Problem 1-4A (Part Level Submission) Nancy Tercek started a delivery service, Blue Spruce Corp., on June 1, 2019. The following transactions occurred during the month of June. June 1 Stockholders invested $24,400 cash in the business in exchange for common stock. 2 3 Purchased a used van for deliveries for $14,900. Nancy paid $3,200 cash and signed a note payable for the remaining balance. Paid $600 for office rent for the month. 5 Performed $5,100 of services on account. 9 Declared and paid $300 in cash dividends. 12 Purchased supplies for $300 on account. 15 Received a cash payment of $1,500 for services performed on June 5. 17 Purchased gasoline for $200 on account. 20 Received $1,600 cash for services performed. 23 Made a cash payment of $800 on the note payable. 26 Paid $350 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $3,000 for employee salaries.
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