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sactions for Oliver Printing, Incorporated for June, the first month of operations. June 1 Obtain a loan of $57,000 from the bank by signing a
sactions for Oliver Printing, Incorporated for June, the first month of operations.
June 1 | Obtain a loan of $57,000 from the bank by signing a note. |
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June 2 | Issue common stock in exchange for cash of $27,000. |
June 7 | Purchase car wash equipment for $62,000 cash. |
June 10 | Purchase cleaning supplies of $6,700 on account. |
June 12 | Wash 370 cars for $10 each. All customers pay cash. |
June 16 | Pay employees $770 for work performed. |
June 19 | Pay for advertising in a local newspaper, costing $370. |
June 23 | Wash 470 cars for $10 each on account. |
June 29 | Pay employees $820 for work performed. |
June 30 | A utility bill of $1,270 for the current month is paid. |
June 30 | Pay dividends of $470 to stockholders. |
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