Analyze transactions and prepare financial statements. (LO 6,7,8) P1-4A Matt Stiner started a delivery service, Stiner Deliveries, on June 1, 2014. The following transactions occurred during the month of June. June ! Shareholders invested $10,000 cash in the business in exchange for ordinary shares, 2 Purchased a used van for deliveries for $14,000. Matt paid $2,000 cash and signed a note payable for the remaining balance, 3 Paid $500 for office rent for the month. 5 Performed $4,800 of services on account. 9 Declared and paid $300 in cash dividends. 12 Purchased supplies for $150 on account. 15 Received a cash payment of $1,250 for services provided on June 5. 17 Purchased gasoline for $100 on account. 20 Received a cash payment of $1. 1930 for services provided. 23 Made a cash payment of $500 on the note payable. 26 Paid $250 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $1,000 for employee salaries. Instructions (a) Show the effects of the previous transactions on the accounting equation using the following format. (a) Total assets $25,800 Assets + Liabilities Notes Accounts Pavable Payable Accounts Receivable Date Cash + Equity Retained Earnings Rev. Exp. Di + Supplies + Equipment + Share Capital + Include margin explanations for any changes in the Retained Earnings account in your analysis. P1-5A Financial statement information about four different companies is as follows. Determine financial state- ment amounts and prepare Crosby Stills Nash Young retained earnings statement Company Company Company Company (LO 7,8) January 1, 2014 Assets $ 75,000 $110,000 (g) $150,000 Liabilities 50,000 (d) 75,000 G) Equity (a) 60,000 45,000 100,000 December 31, 2014 Assets (b) 137,000 200,000 (k) Liabilities 55,000 75,000 (h) 80,000 Equity 40,000 (e) 130,000 140,000 Equity changes in year Additional investment (c) 15,000 10,000 15,000 Dividends 10,000 (f) 14,000 10,000 Total revenues 350,000 420,000 (1) 500,000 Total expenses 330,000 385.000 342.000 (1) 1 Accounting in Action Instructions N (a) Determine the missing amounts. (Hint: For example, to solve for (a), Assets ties - Equity - $25,000.) Liabili