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Perez Engineering completed the following transactions in the month of June, Using the following transactions, record journal entries, create financial statements, and assess the impact

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Perez Engineering completed the following transactions in the month of June, Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Jun. 1 Juan Perez, the owner. invested $118,000 cash, office equipment with a vatue of $9,500, and $69,000.0 drafting equipment to launch the company in exchange for common stock. Jun. 2 The company purchased land worth $53,500 for an office by paying $12,600 cash and 51gning a long-term note payable for $46,900. Jun. 3 The conpany purchased a portable building with $50,500 cash and noved it onto the land acquired on June 2. Jun. 4 The conpany paid $5,760 cash for the presium on an 18-month insurance policy. Jun. 5 The company completed and delivered a set of plans for a client and collected 59,800 cpsh. Jun. 6 The company purchased $25,400 of additional drafting equipment by paying $14,000 cash ond signing a long-term note payable for $11,460. Jun. 7 The company completed $21,20e of engineering services for a client. This amount is to be received in 30 days. Jun. 8 The company purchased $1,600 of additional office equipment on credit. Jun. 9 The company conpleted engineering services for $23,800 on credit. Jun. 10 The company received a bill for rent of equipnent that was used on a recently completed job. The s1,750 rent cost must be paid within 30 days. Jun. 12 the conpany collected $10,600 cash in partial payment from the client bilted on June 9. Jun. 14 The company paid $1,800 cash for wages to a drafting assistant. Jun. 17 The company paid $1,600 cash to settle the account payable created in on June 8 . Jun. 20 The company paid s1, 150 cash for minor maintenance of its drafting equipment. Jun. 23 the conpany paid $9,660 cash in dividends. Jun. 28 the company paid 11,800 cash for wages to a drafting assistant. Jun. 29 the company paid $2,860 cash for advertiseaents on the web during June. The income statement reports the change in equity attributabie to the operation of the business during a specific period of time. Using the dropdown buttons, select the financial statement elements and account tities to be included on the income statement, The occount balances will automatically populate. Did the company report net income or net loss during the current month? PEREZ ENGINEERING Income Statement For Month Ended June 30, 2018

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