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Required information Problem 2-7B Complete the steps in the measurement of external transactions (LO2-4,2-5,2-6) (The following information applies to the questions displayed below.) Below are

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Required information Problem 2-7B Complete the steps in the measurement of external transactions (LO2-4,2-5,2-6) (The following information applies to the questions displayed below.) Below are the transactions for Salukis Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $61,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $31,000. June 7 Purchase car wash equipment for $66,000 cash. June 10 Purchase cleaning supplies of $7,100 on account. June 12 Wash 410 cars for $10 each. All customers pay cash. June 16 Pay employees $810 for work performed. June 19 Pay for advertising in a local newspaper, costing $410. June 23 Wash 510 cars for $10 each on account. June 29 Pay employees $860 for work performed. June 30 A utility bill of $1,310 for the current month is paid. June 30 Pay dividends of $510 to stockholders. Problem 2-7B Part 2 and 3 2. & 3. Post each transaction to the annropriate T-accounts and calculate the halance of each account TIUNUTIE Seved Help Save & June 23 Wash 510 cars for $10 each on account. June 29 Pay employees $860 for work performed. June 30 A utility bill of $1,310 for the current month is paid. June 30 Pay dividends of $510 to stockholders. Problem 2-7B Part 2 and 3 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account. Cash Accounts Receivable Beg. Bal. Beg. Bal End. Bal. End. Bal. nowtime i Saved Help S ILIR. DOI. Required information End. Bal. Supplies Equipment Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accounts Payable Notes Payable Beg. Bal. Beg. Bal. End, Bal End. Bal. Common Stock Dividende Connect howtime Saved Help S Required information End. Bal. End. Bal. Common Stock Dividends Beg. Bal Beg. Bal End. Bal. End. Bal. Service Revenue Salaries Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Advertising Expense Utilities Expense DAA DAA Dol nowume Saved Help Save Required Information Beg. Bal. Beg. Bal. End. Bal. End. Bal. Advertising Expense Utilities Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal

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