Problem 3 B Transaction Analysis and Financial Statements Zucchini Realty was organized by four friends on June 1 of the current year. Their company will sell residential real estate. Zucchini completed the following transactions, during the first month of operations. Jun 1 Received contributions of $10,000 from each of the four owners in exchange for shares of stock. Jun 1 Jun 1 Jun 4 Jun 6 Jun 7 Jun 8 Jun 10 Jun 20 Jun 24 Jun 30 Jun 30 Paid $1,500 for the first month's office rent. Purchased a computer for $4,000 cash. Paid $1,000 to various media for advertising. Purchased an automobile for $20,000 by paying $6,000 cash and signing a note payable for the balance. The balance will be paid within 90 days. Paid $1,700 in wages for temporary help in setting up office. Received $3,000 cash for sale of a house for a relative. Sold a house and earned a commission of $8,000. Commission will be be received within two weeks. Sold a house and earned a commission of $6,000. Commission will be be received during the first week of July. Received and deposited promptly $8,000 check for house sold on June 10. Received $800 utility bill. Payment will be made in July. Paid total of $4,000 in dividends. ACO payable Retained