Below are the transactions for Abuisa Car Cleaning for June, the first month of operations June...
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Below are the transactions for Abuisa Car Cleaning for June, the first month of operations June 1 Obtain a loan of $57,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $27,000. June 7 Purchase car wash equipment for $62,000 cash. June 18 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. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/eve ccount field.) View transaction list Below are the transactions for Abuisa Car Cleaning for June, the first month of operations June 1 Obtain a loan of $57,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $27,000. June 7 Purchase car wash equipment for $62,000 cash. June 18 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. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/eve ccount field.) View transaction list
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