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S.No. date Particulars 1 01-06-2020 John as a stockholder has invested $25,000 cash in business 2 02-06-2020 John purchased a used van for $ 13000

S.No. date Particulars
1 01-06-2020 John as a stockholder has invested $25,000 cash in business
2 02-06-2020 John purchased a used van for $ 13000 for deliveries. He paid $ 2,000 cash and signed a note payable for the remaining balance.
3 03-06-2020 He paid $ 900 for office rent for the month.
4 05-06-2020 Services worth $ 3,000 were performed on account.
5 12-06-2020 Purchased supplies for $ 400 on account
6 15-06-2020 Received a cash payment of $ 750 for services provided on June 5.
7 17-06-2020 Purchased gasoline for $ 350 on account
8 20-06-2020 Received a cash payment of $ 350 on account for services provided on June 5.
9 23-06-2020 Received a cash payment of $ 1900 on account for services provided on June 5.
10 26-06-2020 Paid $450 for utilities
11 29-06-2020 Paid for the gasoline purchased on account on June 17
12 30-06-2020 Paid $ 600 for employee salaries

Prepare the income statement

Prepare the balance sheet

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