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Nany Tercek started a delivery service, Tercek Deliveries, on June 1, 2015. The following transactions occurred during the month of June. tou 1-10 1 Accounting
Nany Tercek started a delivery service, Tercek Deliveries, on June 1, 2015. The following transactions occurred during the month of June.
tou 1-10 1 Accounting in Action June 9 Declared and paid $300 in cash dividends. 12 Purchased supplies for $150 on account. 15 Received a cash payment of $1,250 for services performed on June 5. 17 Purchased gasoline for $100 on account. 20 Received a cash payment of $1,500 for services performed. 23 Made a cash payment of $500 on the note payable. 26 Paid $250 for utilities. 29 Paid for the gasoline purchased on account on June 17 30 Paid $1,000 for employee salaries. Instructions ns on the accounting equation using the (a) Total assets $25,800 (a) Show the effects of the previous transac following format. Stockholders' Equity Liabilities Assets Notes Accounts Common Supplies Equipment Payable Payable Stock Retained Earn Accounts Div Date Cash Rev Receivable Include margin explanations for any changes in the Retained Earnings account i your analysis. (b) Prepare an income statement for the month of June. (b) Net income $4,450 (c) Prepare a balance sheet at June 30, 2015. Cash S8,100 fau dimenant companies is as followsStep by Step Solution
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