Transactions for the Culver Company, which provides welding services, for the month of June are presented as follows.r
June

1   Culver invests $4,960 cash in exchange for shares of common stock in a small welding business.r

2    Purchases equipment on account for $1,470.r

3    Pays $790 cash to landlord for June rent. 

12  Bills P. Leonard $380 after completing welding work done on account.

r
Journalize the transactions.