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Nancy Robinson started a delivery service, Robinson Deliveries, on June 1, 2022. The following transactions occurred during the month of June. June Stockholders invested $11,000
Nancy Robinson started a delivery service, Robinson Deliveries, on June 1, 2022. The following transactions occurred during the month of June. June Stockholders invested $11,000 cash in the business in exchange for common stock. 1 2 Purchased a used van for deliveries for $15,400. Nancy paid $2,200 cash and signed a note payable for the remaining balance. Paid $550 for office rent for the month. 3 5 Performed $5,280 of services for customer on account. 9 Declared and paid $330 in cash dividends. 12 Purchased supplies for $165 on account. 15 Received a cash payment of $1,375 for services performed on June 5. 17 Purchased gasoline for $110 on account. 20 Performed services for customer for $1,650 cash. 23 Made a cash payment of $550 on the note payable. 22222 26 Paid $275 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $1,100 for employee salaries. Show the effects of the previous transactions on the accounting equation using the following format. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Date June 1 $ 2 3 5 Assets + Cash Accounts Receivable + 11000 $ 2,200 550 330 9 12 15 17 20 29 222223 30 5280 1375 1375 1650 550 26 275 110 1100 Supplies $ $ 8910 $ 3905 $ Show the effects of the previous transactions on the accounting equation using the following format. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Equipment $ 15400 $ Notes Payable ROBINSON DELIVERIES Liabilities Accounts Payable $ 13200 550 16 11 11 $ 15400 = $ 12650 $ 16 Show the effects of the previous transactions on the accounting equation using the following format. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) $ Common Stock Stockholders' Equity Retained Earnings Revenues Expenses 11000 $ $ $ 11000 $ $ Show the effects of the previous transactions on the accounting equation using the following format. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) ders' Equity $ $ Retained Earnings Expenses Dividends $ $ Salaries and Wages Expense Gasoline Expense Service Revenue Utilities Expense Dividends Rent Expense
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