RCES Question 3 Transactions for Grover Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $5,000 cash 2 Buys equipment on account for $1,100. 3 Pays $740 to landlord for June rent. 12 Bills Matt Wilfer $700 for welding work done. Identify the accounts to be debited and credited for each transaction. Account Debited June 1 June 2 June 3 June 12 click if y Equipment Open Show Work Work for this question: Service Revenue Rent Expense Cash Accounts Receivable Common Stock Accounts Payable CALCUL OURCES Question 3 Transactions for Grover Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $5,000 cash. 2 Buys equipment on account for $1,100. 3 Pays $740 to landlord for June rent. 12 Bills Matt Wilfer $700 for welding work done. Identify the accounts to be debited and credited for each transaction Account Debited June 1 June 2 June 3 June 12 Click if you would like to Show V Equipment Rent Expense Accounts Receivable Common Stock Accounts Payable Service Revenue Cash