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Nancy Tercek started a delivery service, Splish Brothers Inc., on June 1, 2019. The following transactions occurred during the month of June. June 1 Stockholders

Nancy Tercek started a delivery service, Splish Brothers Inc., on June 1, 2019. The following transactions occurred during the month of June.

June 1 Stockholders invested $19,500 cash in the business in exchange for common stock.
2 Purchased a used van for deliveries for $14,900. Nancy paid $3,100 cash and signed a note payable for the remaining balance.
3 Paid $700 for office rent for the month.
5 Performed $4,500 of services on account.
9 Declared and paid $200 in cash dividends.
12 Purchased supplies for $300 on account.
15 Received a cash payment of $1,500 for services performed on June 5.
17 Purchased gasoline for $300 on account.
20 Received $1,500 cash for services performed.
23 Made a cash payment of $500 on the note payable.
26 Paid $100 for utilities.
29 Paid for the gasoline purchased on account on June 17.
30 Paid $1,000 for employee salaries.

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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.) Splish Brothers Inc. Liabilities Assets Stockholders' Equity Retained Earnings Notes Common + Accounts Receivable + Date + Cash Supplies Equipment Accounts Payable Payable Stock Revenues Expenses Dividends June 1 $ 2 3 5 9 12 15 17 20 23 26 29 30 . Prepare an income statement for the month of June. Splish Brothers Inc. Income Statement $ $ Prepare a balance sheet at June 30, 2019. (List Assets in order of liquidity.) Splish Brothers Inc. Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ $ $

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