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Question 3 Mark Mok started a delivery service, Mark Deliveries, on June 1, 20X1. The following transactions occurred during the month of June. June 1
Question 3 Mark Mok started a delivery service, Mark Deliveries, on June 1, 20X1. The following transactions occurred during the month of June. June 1 2 5 9 12 15 17 20 23 26 29 30 Mark invested S10,000 cash to start the delivery company. Purchased a used van for deliveries for $12.000. Mark paid $2.000 cash and signed a note payable for the remaining balance. Paid $500 for office rent for the month. Perfomed $4.40) of services on account Declared and paid $200 in cash dividends. Purchased supplies for $150 on account. Received a cash payment of $1.250 for services provided on June 5. Purchased gasoline for $100 on account. Received a cash payment of $1.500 for services provided. Made a cash payment o $500 on the note payable. Paid $250 for utilities Paid for the gasoline purchased on account on June 17, Paid S1,000 for employee salaries. Instructions Prepare an income statement for the month of June. (b) Prepare a statement of financial position at June 30, 20XI
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