Matt Stiner started a delivery service, Stiner Deliveries Ltd., on June 1, 2017. The following transactions occurred
Question:
Matt Stiner started a delivery service, Stiner Deliveries Ltd., on June 1, 2017. The following transactions occurred during the month of June.
June 1 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 services worth 4,800 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 1,500 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.
a.income statement
b. statement of financial positin