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NancyMartinstarted a delivery service,MartinDeliveries, on June 1, 2022. The following transactions occurred during the month of June. Nancy Martin started a delivery service, Martin Deliveries,

NancyMartinstarted a delivery service,MartinDeliveries, on June 1, 2022. The following transactions occurred during the month of June.

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Nancy Martin started a delivery service, Martin Deliveries, on June 1, 2022. The following transactions occurred during the month of June. (a) June 1 Stockholders invested $10,800 cash in the business in exchange for common stock. Show the effects of the previous transactions on the accounting equation using the following format. Include 2 Purchased a used van for deliveries for $15,120. Nancy paid $2,160 cash and signed a note payable for the remaining margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, balance. 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.) 3 Paid $540 for office rent for the month. 5 Performed $5,184 of services for customer on account. 9 Declared and paid $324 in cash dividends. Assets 12 Purchased supplies for $162 on account. 15 Received a cash payment of $1,350 for services performed on June 5. Accounts + + 17 Purchased gasoline for $108 on account. Date Cash Receivable Supplies 20 Performed services for customer for $1,620 cash. June 1 $ $ $ 23 Made a cash payment of $540 on the note payable. 26 Paid $270 for utilities. 2 29 Paid for the gasoline purchased on account on June 17. 3 30 Paid $ 1,080 for employee salaries. 5 9 (a) 12 15 Show the effects of the previous transactions on the accounting equation using the following format. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' 17 Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was

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