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