Question $1$ of $3$

$-18$

Transactions for the Marigold Company, which provides welding services, for the month of June are presented as follows.

June $1$ Marigold invests $$4,900$ cash in exchange for shares of common stock in a small welding business.

$2.$ Purchases equipment on account for $$1,460.$

$3$ Pays $$770$ cash to landlord for June rent.

$12$ Bills P$.$ Leonard $$360$ after completing welding work done on account.

Journalize the transactions. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit