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Nancy Tercek started a delivery service, Tercek Deliveries, June 1, 2017. The following transactions occurred the month of June. on June 1 Stockholders invested during
Nancy Tercek started a delivery service, Tercek Deliveries, June 1, 2017. The following transactions occurred the month of June. on June 1 Stockholders invested during cash in the business in exchange for common stock. 2 Purchased a used van for deliveries for s14,900, Nancy paid s3,100 cash and signed a note payable for the remaining balance 3 Paid $500 for office rent for the month. 9 Declared and paid $300 in cash dividends. Purchased supplies for $100 on account. 15 Received a cash payment of $1,200 for services performed on June 5. 17 Purchased gasoline for s100 on account 20 Received a cash payment of s1,300 for services provided. Made a cash payment of $700 on the note payable 26 Paid $200 for utilities. Paid for the gasoline purchased on account on June 17. 30 Paid $1,500 for employee salaries. (a) Show the effects of the previous transactions on the accounting equation using the following format. (ura transaction causes a decrease in Assets, Liabilities or stock reduced, see illustration for example.) was TERCEK DELIVERIES Accounts yune 1 s 12 17 a le and BAC13 Equity, place a negativ
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