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Need help filling out the second page (income statement, balance sheet, etc) P1-4A Miller Deliveries Income Statement Mark Miller started his own delivery service, Miller
Need help filling out the second page (income statement, balance sheet, etc)
P1-4A Miller Deliveries Income Statement Mark Miller started his own delivery service, Miller Deliveries, on June 1, 2014. The following transactions occurred during the month of June. Revenues $1 Expenses Juvent Mark invested $10,000 cash in the business. 2 Purchased a used van for deliveries for $12,000. Mark paid $2,000 cash and signed a note payable for the remaining balance. Paid $500 for office rent for the month. 3 5 Performed $4,400 of services on account. 9 Total expenses Net Income (loss) Withdrew $200 cash for personal use. 12 Purchased supplies for $150 on account. 15 Received a cash payment of $1,250 for services provided on June 5. 17 Purchased gasoline for $100 on account. 20 Received a cash payment of $1,500 for services provided. 23 Made 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. MILLER DELIVERIES Owner's Equity Statement For the Month Ended June 30, 2014 $ M. Miller, Capital, June 1. Add: Less: M. Miller, Capital, June 30 Assets = Liabilities + Miller Deliveries Balance Sheet delivery supplies van Owners' Equity vailler maillor capital drawing revenue 10000 al v/p ap expose Assets 12000 10000 -500 4400 4400 -200 150 150 date cast 6/1 10000 6/2 -2000 6/3 -500 6/5 6/9 -200 6/12 6/15 1250 6/17 6/20 1500 6/23 -500 6/26 -250 6/29 -100 6/30 -1000 Total Total Assets -1250 100 - 100 Liabilities and Owner's Equity 1500 Ilahilities -500 -250 -100 -1000 Total Liabilities Owner's equity Total liabilities and owner's equityStep by Step Solution
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