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Problem 1-4A (Part Level Submission) Nancy Tercek started a delivery service, Sheridan Company, on June 1, 2019. The following transactions occurred during the month of
Problem 1-4A (Part Level Submission) Nancy Tercek started a delivery service, Sheridan Company, on June 1, 2019. The following transactions occurred during the month of June.
(c) Prepare a balance sheet at June 30, 2019. (List Assets in order of liquidity.) Sheridan Company Balance Sheet Assets Liabilities and Stockholders' Equity Problem 1-4A (Part Level Submission) Nancy Tercek started a delivery service, Sheridan Company, on June 1, 2019. The following transactions occurred during the month of June. June i 2 3 5 9 12 15 17 20 23 26 29 30 Stockholders invested $23,300 cash in the business in exchange for common stock. Purchased a used van for deliveries for $14,800. Nancy paid $3,900 cash and signed a note payable for the remaining balance. Paid $700 for office rent for the month. Performed $4,800 of services on account. Declared and paid $300 in cash dividends. Purchased supplies for $300 on account. Received a cash payment of $1,200 for services performed on June 5. Purchased gasoline for $300 on account. Received $1,500 cash for services performed. Made a cash payment of $700 on the note payable. Paid $150 for utilities. Paid for the gasoline purchased on account on June 17. Paid $2,310 for employee salariesStep by Step Solution
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