6 of 6 < > -/1 E: Nancy Tercek started a delivery service, Kingbird, Inc., on June 1, 2022. The following transactions occurred during the month of June. June Stockholders invested $17,900 cash in the business in exchange for common stock. 1 2 Purchased a used van for deliveries for $14,600. Nancy paid $3,900 cash and signed a note payable for the remaining balance. 3 Paid $300 for office rent for the month. 5 Performed $5,000 of services on account. 9 Declared and paid $200 in cash dividends. 12 Purchased supplies for $100 on account. 15 Received a cash payment of $1,500 for services performed on June 5. 17 Purchased gasoline for $200 on account. 20 20 Received $1,600 cash for services performed. 23 Made a cash payment of $400 on the note payable. 26 29 30 Paid $100 for utilities. Paid for the gasoline purchased on account on June 17. Paid $2,490 for employee salaries. Question 6 of 6 < -/1 E Show the effects of the previous transactions on the accounting equation using the following format. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) Accounts Date Cash Receivable. June 1 3 9 Assets Supplies Equ Question 6 of 6 < > Prepare an income statement for the month of June. Kingbird, Inc. Income Statement -/1 !!! E Question 6 of 6 < > Prepare a balance sheet at June 30, 2022. (List Assets in order of liquidity.) Kingbird, Inc. Balance Sheet Assets Liabilities and Stockholders' Equity -/1 E Question 6 of 6 < > eTextbook and Media List of Accounts Liabilities and Stockholders' Equity -/1 E