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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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