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Nancy Tercek started a delivery service, Bramble Corp., on June 1, 2019. The following transactions occurred during the month of June. June 1 Stockholders invested

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Nancy Tercek started a delivery service, Bramble Corp., on June 1, 2019. The following transactions occurred during the month of June. June 1 Stockholders invested S 15,500 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries for $14,000. Nancy paid $3,700 cash and signed a note payable for the remaining balance. 3 Pald $500 for office rent for the month. 5 Performed $4,400 of services en account. 9 Declared and paid 200 in cash dividends. 12 Purchased supplies for $200 on account. 15 Recelved a cash payment of $1,300 for services performed on June 5. 17 Purchased gasoline for $200 an account 20 Recelved $1,500 cash for services performed. Made a cash payment of $800 on the note payable. 25 Pald $250 for utilities 29 Paid for the gasoline purchased on account on June 17, 30 Pald $2,500 for employee salaries. Show the effects of the previous transactions on the accounting equation using the following format. (If a transaction causes 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. See Illustration 1-8 for example.) Bramble Corp. Liabilities Assets Stockholders' Equity Retained Earnings Accounts Receivable + Notes Payable + + Common Stock Accounts Payable + Cash Date Supplies Equipment Revenues Expenses Dividends June 1 $ s s $ $ $ ** ht 2 3 5 9 12 15 17 20 23 26 29 30 . Prepare an income statement for the month of June. Bramble Corp. Income Statement $ $ $ Bramble Corp. Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ $ $ $

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