Nancy Tercek started a delivery service, Pina Colada Corp., on June $1,2022.$ The following transactions occurred during the month of Pina Colada Corp. Stockholders' Equity

Retained Earnings

Common

June.

June

$1$

$2$

$3$

$5$

$9$

$12$

$15$

$17$

$20$

$23$

$26$

$29$

$30$

Stockholders invested $$21,800$ cash in the business in exchange for common stock.

Purchased a used van for deliveries for $$14,200.$ Nancy paid $$4,000$ cash and signed a note payable for the remaining

balance.

Paid $$400$ for office rent for the month.

Performed $$5,200$ of services on account.

Declared and paid $$300$ in cash dividends.

Purchased supplies for $$200$ on account.

Received a cash payment of $$1,400$ for services performed on June $5.$

Purchased gasoline for $$200$ on account.

Received $$1,300$ cash for services performed.

Made a cash payment of $$600$ on the note payable.

Paid $$350$ for utilities.

Paid for the gasoline purchased on account on June $17.$

Paid $$1,730$ for employee salaries.$($a$)$

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.$)$

Assets

$2$

$3$

$5$

$9$

$12$