CHAPTER 2 TEAM ACTIVITY 2.2 ACTY 2100 DATE: CLASS TIME NAME Complete the steps in the measurement of external transactions (LO2-4, 2-5,2-6) P2-7B Below are the transactions for Salukis Car cleaning for June, the first month of operations obtain a loan of S70,000 from the bank by signing a note June June 2 Issue common stock in exchange for cash of $40,000 June 7 Purchase car wash equipment for $75,000 cash. June 10 Purchase cleaning supplies of s8,000 on account June 12 Wash 500 cars for $10 each All customers pay cash June 16 Pay employees $900 for work performed June 19 Pay for advertising in a local newspaper, costing S500 June 23 Wash 600 cars for S10 each on account June 29 Pay employees $950 for work performed une 30 A utility bill of $1,400 for the current month is paid June 30 Pay dividends of $600 to stockholders D Record each transaction ost each transa The Calculate the endng balance 2) prepare a trial balon for oune. ce