Nina Niko launched a new business, Niko’s Maintenance Co., that began operations on June 1. The following transactions were completed by the company during that first month.

Required
1. Create the following table similar to Exhibit 1.9. Enter the effects of each transaction on the accounts of the accounting equation by recording dollar increases and decreases in the appropriate columns. Determine the final total for each account and verify that the equation is in balance.

Data from Exhibit 1.9

2. Prepare the income statement and the statement of retained earnings for the month of June, and the balance sheet as of June 30.
3. Prepare the statement of cash flows for the month of June.