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Samuel Aldrich started his own delivery service, Aldrich Service Inc., on June 1, 2022. The following transactions occurred during the month of June. 1. Stockholders
Samuel Aldrich started his own delivery service, Aldrich Service Inc., on June 1, 2022. The following transactions occurred during the month of June. 1. Stockholders invested $15,000 cash in the business in exchange for common stock. 2. Purchased a used van for deliveries for $15,000. Samuel paid $2,000 cash and signed a note payable for the remaining balance. 3. Paid $600 for office rent for the month. 5. Performed $2,400 of services on account. 9. Paid $300 in cash dividends. 12. Purchased supplies for $240 on account. 15. Received a cash payment of $750 for services provided on June 5 . 17. Received a bill for $200 to cover advertisements in Tri-State News. 20. Received a cash payment of $1,500 for services provided. 23. Made a cash payment of $500 on the note payable. 26. Paid $180 for utilities. 29. Paid for the supplies purchased on account on June 12. 30. Paid $750 for employee salaries. Instructions (a) Journalize the above transactions (b) Post the transactions to the Ledger (c) Prepare; a. a trial balance for month ended June 30, 2022 b. an income statement for month ended June 30, 2022, c. a retained earnings statement for month ended June 30,2022 d. a classified balance sheet at June 30, 2022
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