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Question 3 of 3 < 3.72/6 E Nancy Tercek started a delivery service, Tercek Deliveries, on June 1, 2022. The following transactions occurred during
Question 3 of 3 < 3.72/6 E Nancy Tercek started a delivery service, Tercek Deliveries, on June 1, 2022. The following transactions occurred during the month of June. June Stockholders invested $10,000 cash in the business in exchange for common stock. 1 2 Purchased a used van for deliveries for $14,000. Nancy paid $2,000 cash and signed a note payable for the remaining balance. 3 Paid $500 for office rent for the month. 5 Performed $4,800 of services on account. 9 Declared and paid $300 in cash dividends. 12 Purchased supplies for $150 on account. 15 Received a cash payment of $1,250 for services performed on June 5. 117 20 23 23 Purchased gasoline for $100 on account. Received $1,500 cash for services performed. Made a cash payment of $500 on the note payable. 26 Paid $250 for utilities. 29 29 Paid for the gasoline purchased on account on June 17.
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