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Nancy Tercek started a delivery service, Swifty Corporation, on June 1, 2022. The following transactions occurred during the month of June. June 1 Stockholders invested

Nancy Tercek started a delivery service, Swifty Corporation, on June 1, 2022. The following transactions occurred during the month of June.

June 1 Stockholders invested $ 24,800 cash in the business in exchange for common stock.
2 Purchased a used van for deliveries for $ 14,500. Nancy paid $ 3,900 cash and signed a note payable for the remaining balance.
3 Paid $ 600 for office rent for the month.
5 Performed $ 5,100 of services on account.
9 Declared and paid $ 200 in cash dividends.
12 Purchased supplies for $ 100 on account.
15 Received a cash payment of $ 1,300 for services performed on June 5.
17 Purchased gasoline for $ 300 on account.
20 Received $ 1,700 cash for services performed.
23 Made a cash payment of $ 400 on the note payable.
26 Paid $ 150 for utilities.
29 Paid for the gasoline purchased on account on June 17.
30 Paid $ 2,660 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.)

Assets

=

Liabilities

+

Stockholders' Equity

Retained Earnings

Date

Cash

+

Accounts Receivable

+

Supplies

+

Equipment

=

Notes Payable

+

Accounts Payable

+

Common Stock

+

Revenues

-

Expenses

-

Dividends

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