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Nancy Tercek started a delivery service, Grouper Deliveries, on June 1, 2017. The following transactions occurred during the month of June. June 1 Stockholders invested

Nancy Tercek started a delivery service, Grouper Deliveries, on June 1, 2017. The following transactions occurred during the month of June.

June 1 Stockholders invested $10,300 cash in the business in exchange for common stock.
2 Purchased a used van for deliveries for $14,700. Nancy paid $3,100 cash and signed a note payable for the remaining balance.
3 Paid $300 for office rent for the month.
5 Performed $5,100 of services on account.
9 Declared and paid $400 in cash dividends.
12 Purchased supplies for $300 on account.
15 Received a cash payment of $1,400 for services performed on June 5.
17 Purchased gasoline for $300 on account.
20 Received a cash payment of $1,700 for services performed.
23 Made a cash payment of $700 on the note payable.
26 Paid $150 for utilities.
29 Paid for the gasoline purchased on account on June 17.
30

Paid $1,740 for employee salaries.

Prepare a retained earnings statement for the month of June, and classified balance sheet at June 30, 2017.

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