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Required Information [The following information applies to the questions displayed below.] Below are the transactions for Salukis Car Cleaning for June, the first month of
Required Information [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 $51,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $21,000. June 7 Purchase car wash equipment for $56,000 cash. June 10 Purchase cleaning supplies of $6,100 on account. June 12 Wash 310 cars for $10 each. All customers pay cash. June 16 Pay employees $710 for work performed. June 19 Pay for advertising in a local newspaper, costing $310. June 23 Wash 410 cars for $10 each on account. June 29 Pay employees $760 for work performed. June 30 A utility bill of $1,210 for the current month is paid. June 30 Pay dividends of $410 to stockholders. Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 ..... 11 Obtain a loan of $51,000 from the bank by signing a note. Note: Enter debits before credits. Date General Journal Debit Credit June 01
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