(Solved): Nancy Tercek started a delivery service, Novak Corp., on June 1, 2022. The following transactions oc ...

Nancy Tercek started a delivery service, Novak Corp., on June 1, 2022. The following transactions occurred during the month of June. W (a) June 1 2 3 5 9 12 15 17 20 23 26 29 30 Stockholders invested $25,000 cash in the business in exchange for common stock Purchased a used van for deliveries for $14,500. Nancy paid $3,300 cash and signed a note payable for the remaining balance. Paid $500 for office rent for the month. Performed $5,200 of services on account. Declared and paid $300 in cash dividends. Purchased supplies for $300 on account. Received a cash payment of $1,100 for services performed on June 5. Purchased gasoline for $200 on account. Received $1,300 cash for services performed. Made a cash payment of $800 on the note payable. Paid $300 for utilities. Paid for the gasoline purchased on account on June 17. Paid $1,530 for employee salaries.