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prepare a bank income statement Nancy Tercek started a delivery service, Skysong, Inc., on June 1,2020. The following transactions occurred during the month of June.
prepare a bank income statement Nancy Tercek started a delivery service, Skysong, Inc., on June 1,2020. The following transactions occurred during the month of June. June Stockholders invested $19,500 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries for $15,000. Nancy paid $3,400 cash and signed a note payable for the remaining balance. 3 Paid $500 for office rent for the month. 5 Performed $4,900 of services on account. 9 Declared and paid $200 in cash dividends. 12 Purchased supplies for $100 on account. 15 Received a cash payment of $1,200 for services performed on June 5. 17 Purchased gasoline for $300 on account. 20 Received $1,600 cash for services performed. 23 Made a cash payment of $800 on the note payable. 26 Paid $300 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $1,160 for employee salaries. (b) Prepare an income statement for the month of June. $
prepare a bank income statement
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