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Short Problem Nancy Tercek started a delivery service, Tercek Deliveries, on June 1, 2018. The following transactions occurred during the month of June. June Stod

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Short Problem Nancy Tercek started a delivery service, Tercek Deliveries, on June 1, 2018. The following transactions occurred during the month of June. June Stod Stockholders invested cash in the business in exchange for common stock. 2 Purchased a used van for deliveries on account. 3 Paid cash for office rent for the month. 4 Performed services on account. 5 Declared and paid cash dividends. 12 Purchased supplies on account. 20 Received a cash payment for services provided (this transaction is independent from the June 4 transaction). 23 Made a cash payment on the note payable. 26 Paid cash for utilities expense. 30 Paid cash for employee salaries. In the following table, show the effect (increase or decrease) of each transaction on assets, liabilities, and stockholders' equity

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