Aminu Ltd started a delivery service, Aminu Ltd Deliveries, on June 1, 20X1. The following transactions occurred during the month of June.

June 1 Aminu Ltd invested AED10,000 cash to start the delivery company. 2 Purchased a used van for deliveries for AED12,000. Aminu Ltd paid AED2,000 cash

and signed a note payable for the remaining balance. 1

3 Paid AED500 for office rent for the month. 5 Performed AED4,400 of services on account. 9 Declared and paid AED200 in cash dividends.

12 Purchased supplies for AED150 on account. 15 Received a cash payment of AED1,250 for services provided on June 5. 17 Purchased gasoline for AED100 on account. 20 Received a cash payment of AED1,500 for services provided. 23 Made a cash payment of AED500 on the notes payable. 26 Paid AED250 for utilities.

29. 29 Paid for the gasoline purchased on account on June 17.

30. 30 Paid AED1,000 for employee salaries

Required to:

[a] Prepare an income statement for the month of June. [b] Prepare a statement of financial position at June 30, 20X1.