Transactions for the Sarasota Company, which provides welding services, for the month of June are presented as follows. June 1 Sarasota invests $3,090 cash in exchange for shares of common stock in a small welding business. 2 Purchases equipment on account for $860. 3 $860 cash is paid to landlord for June rent. 12 Bills P. Leonard $410 after completing welding work done on account.