On March 1, 2016, Amy Dart began Dart Delivery Service, which provides delivery of bulk mailings to the post office, neighborhood delivery of weekly newspapers, data delivery to computer service centers, and various other delivery services using leased vans. On February 28, Dart invested $20,000 of her own funds in the firm and borrowed $8,000 from her father on a six-month, non-interest- bearing note payable. The following information is available at March 31: On March 1, 2016, Amy Dart began Dart Delivery Service, which pro from her father on a six-month, non-interest-bearing note payable. $10,700 Delivery Fees Earned $23,300 Accounts Receivable 12,700 2,500 Cash Rent Expense 1,100 Supplies Inventory 2,500 Notes Payable 15,800 Advertising Expense 8,000 Supplies Expense 1,400 Insurance Expense 900 Accounts Payable 20,000 6,200 Common Stock Salaries Expense 300 Retained Earnings Miscellaneous Expense Required a. Prepare an income statement for the month of March. DART DELIVERY SERVICE Income Statement For the Month Ended March 31, 2016 DART DELIVERY SERVICE Income Statement For the Month Ended March 31, 2016 Expenses Advertising Expense 0 Supplies Expense Salaries Expense 0 Insurance Expense Miscellaneous Expense 0 Total Expenses Accounts Payable as of March 31, 2016 Accounts Receivable Advertising Expense DART DELIVERY SERVICE Cash Balance Sheet Common Stock As of March 31, 2016 Delivery Fees Earned LIABILITIES Insurance Expense C Miscellaneous Expense 0 0 Notes payable Net Income Total Liabilities Notes payable STOCKHOLDERS' EQUITY Revenue Rent Expense Retained Earnings 0 Salarles Expense Total Stockholciers Equity Supolies 0 Total Liabilfities and Stockholders Equity Supplies Expense b. Prepare a balance sheet as of March 31, 2016. DART DELIVERY SERVICE Balance Sheet As of March 31, 2016 ASSETS LIABILITIES 0 0 Notes payable Supplies Total Liabilities STOCKHOLDERS EQUITY Total Stockholders Equity O Total Liabilities and Stockholders' Equity $ Total Assets Check BSave Answers G Previous olo