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Income Statement and Balance Sheet On March 1, 2016, Amy Dart began Dart Delivery Service, which provides delivery of bulk mailings to the post
Income Statement and Balance Sheet On March 1, 2016, Amy Dart began Dart Delivery Service, which provides delivery of bulk mailings to the post office, neighborhood delivery of weekly newspapers, data delivery to computer servic centers, and various other delivery services using leased vans. On February 28, Dart invested $45,000 of her own funds in the firm and borrowed $18,000 from her father on a six-month, non- interest-bearing note payable. The following information is available at March 31: Accounts Receivable Rent Expense Advertising Expense Supplies Expense Accounts Payable Salaries Expense Miscellaneous Expense $29,100 Delivery Fees Earned $57,900 6,000 Cash 39.900 3,600 Supplies Inventory 100 Notes Payable 7.800 Insurance Expense 15,500 18,000 19.500 Common Stock 2,400 45,000 600 Retained Earnings
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