Question
1. Dennis Luljak started his own delivery service, Luljak Deliveries, on June 1, 2020.The following transactions occurred during the month of June. June 1 Dennis
1. Dennis Luljak started his own delivery service, Luljak Deliveries, on June 1, 2020.The following transactions occurred during the month of June. June 1 Dennis invested $20,000 cash in the business. 2 Purchased a used van for deliveries for $15,000. Dennis paid $4,000 cash and signed a note payable for the remaining balance. 3 Paid $300 for office rent for the month. 5 Performed $5,400 of services on account. 9 Withdrew $300 cash for personal use. 12 Purchased supplies for $250 on account. 15 Received a cash payment of $1,250 for services performed on June 5. 17 Purchased gasoline for $500 on account. 20 Received a cash payment of $1,400 for services performed. 23 Made a cash payment of $600 on the note payable. 26 Paid $250 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $2,000 for employee salaries. Instructions:- a) Prepare tabular analysis. b) Prepare Income statement & owner equity statement. c) Prepare balance sheet
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