nancy tercek started a delivery service, tercek deliveries, on june
nancy tercek started a delivery service, tercek deliveries, on june 1, 2015. the following transactions occurred during the month of june. june 1 stockholders invested $10,000 cash in the business in exchange for common stock.2 purchased a used van for deliveries for $14,000. nancy paid $2,000 cash and signed a note payable for the remaining balance.3 paid $500 for office rent for the month.5 performed $4,800 of services on account.june 9 declared and paid $300 in cash dividends.12 purchased supplies for $150 on account.15 received a cash payment of $1,250 for services performed on june 5.17 purchased gasoline for $100 on account.20 received a cash payment of $1,500 for services performed.23 made a cash payment of $500 on the note payable.26 paid $250 for utilities.29 paid for the gasoline purchased on account on june 17.30 paid $1,000 for employee salaries.instructions(a) show the effects of the previous transactions on the accounting equation using the following format.<div align="center"><img src="../image/images5/63-a (3586).png"/></div>include margin explanations for any changes in the retained earnings account in your analysis.(b) prepare an income statement for the month of june.(c) prepare a balance sheet at june 30,2015.
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