Problem 1-04A a-c (Part Level Submission) Nancy Tercek started a delivery service, Pina Colada Corp., on June 1, 2020. The following transactions occurred during the month of June. June 1 Stockholders invested $21,800 cash in the business in exchange for common stock. Purchased a used van for deliveries for $14,200. Nancy paid $4,000 cash and signed a note payable for the remaining balance. Paid $400 for office rent for the month. 2 3 5 Performed $5,200 of services on account. 9 Declared and paid $300 in cash dividends. 12 Purchased supplies for $200 on account. 15 Received a cash payment of $1,400 for services performed on June 5. 17 Purchased gasoline for $200 on account. 20 Received $1,300 cash for services performed. 23 Made a cash payment of $600 on the note payable. 26 Paid $350 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $1,730 for employee salaries. (a) Show the effects of the previous transactions on the accounting equation using the following format. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) Assets Pina Colada Corp. Liabilities Stockholders' Equity Retained Earnings Expenses Dividends Date Cash Accounts Receivable + Supplies Equipment Notes Payable + Accounts Payable Common + + Stock Revenues June 1 $ 2 3 5