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I have no idea about the net income/ (loss). Please help me. 2 Purchased a used van for deliveries for $14,900. Nancy paid $3,100 cash
I have no idea about the net income/ (loss). Please help me.
2 Purchased a used van for deliveries for $14,900. Nancy paid $3,100 cash and signed a note payable for the remaining balance. 3 Paid $500 for office rent for the month. 5 Performed $4,900 of services on account. 9 Declared and paid $300 in cash dividends. 12 Purchased supplies for $100 on account. 15 Received a cash payment of $1,200 for services performed on June 5. 17 Purchased gasoline for $100 on account. 20 Received $1,300 cash for services performed. 23 Made a cash payment of $700 on the note payable. 26 Paid $200 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $1,500 for employee salaries. Income Statement For the Month Ended June 30, 2022 Revenues Service Revenue $ 6200 Expenses Rent Expense $500 Gasoline Expense \begin{tabular}{|l|l|} \hline 100 & i \\ \hline \end{tabular} Utilities Expense \begin{tabular}{|l|l|} \hline 200 & i \\ \hline \end{tabular} Salaries and Wages Expense Total Expenses Net Income / (Loss)Step by Step Solution
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