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PRINTER VERSION BACK N 9 Problem 1-04A a-c (Part Level Submission) Nancy Tercek started a delivery service, Swifty Corporation, on June 1, 2020. The following

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PRINTER VERSION BACK N 9 Problem 1-04A a-c (Part Level Submission) Nancy Tercek started a delivery service, Swifty Corporation, on June 1, 2020. The following transactions occurred during the month of June. June 1 Stockholders invested $24,800 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries for $14,500. Nancy paid $3,900 cash and signed a note payable for the remaining balance. 3 Paid $600 for office rent for the month. 5 Performed $5,100 of services on account. Declared and paid $200 in cash dividends. 12 Purchased supplies for $100 on account. 15 Received a cash payment of $1,300 for services performed on June 5. 17 Purchased gasoline for $300 on account. 20 Received $1,700 cash for services performed. 23 Made a cash payment of $400 on the note payable. 26 Paid $150 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $2,660 for employee salaries. (a) (c) Prepare a balance sheet at June 30, 2019. (List Assets in order of liquidity.) Swifty Corporation Balance Sheet June 30, 2020 Assets Cash 19,590 Accounts Receivable 3,800 Supplies 100 Equipment 14,500 Total Assets 37990 Liabilities and Stockholders' Equity Liabilities Accounts Payable 100 Notes Payable 10,200 Total Liabilities 10300 $ staatchaldann cainitin S Supplies 100 Equipment 14,500 Total Assets 37990 Liabilities and Stockholders' Equity Liabilities Accounts Payable 100 Notes Payable 10,200 Total Liabilities (a) Surin ms ect tion Your answer is partially correct. Try again Show the effects of the previous transactions on the accounting equation using the following format(if a transaction caderase in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, ability arquite that was reduced. See ilustration I-B for example) Swifty Corporation Assets Liabilities Stockholders' Equity Retained Earnings Accounts Notes Receivable Accounts Date Cash Commen . Supplies Equipment Payable Payable Stack Expenses Dividends June 1 24,800 24,000 CA 2 he 14,500 10600 uld 5.100 1,100 200 12 100 HAL 30 29 26 23 20 17 15 36010 2,660 300 150 1.700 TTTT TITUTO |||IDDIE 10600 OTTOO ID 100 IT TI O TO NT TODE NT TOT ONE DO O O O OL CALCULATOR POTER VERSION

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