Mark Mok started a delivery service, Mark Deliveries, on June 1, 20X1. The following transactions occurred...

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Mark Mok started a delivery service, Mark Deliveries, on June 1, 20X1. The following transactions occurred during the month of June. June 1 2 Mark invested $10,000 cash to start the delivery company. Purchased a used van for deliveries for $12,000. Mark paid $2,000 cash and signed a note payable for the remaining balance. Paid $500 for office rent for the month. 3 5 Performed $4,400 of services on account. 9 Declared and paid $200 in cash dividends. 12 Purchased supplies for $150 on account. 15 17 Received a cash payment of $1,250 for services provided on June 5. Purchased gasoline for $100 on account. 20 Received a cash payment of $1,500 for services provided. 23 Made a cash payment o $500 on the note payable. 26 29 Paid $250 for utilities. Paid for the gasoline purchased on account on June 17. 30 Paid $1,000 for employee salaries. Instructions (a) Prepare an income statement for the month of June. (b) Prepare a statement of financial position at June 30, 20X1. Mark Mok started a delivery service, Mark Deliveries, on June 1, 20X1. The following transactions occurred during the month of June. June 1 2 Mark invested $10,000 cash to start the delivery company. Purchased a used van for deliveries for $12,000. Mark paid $2,000 cash and signed a note payable for the remaining balance. Paid $500 for office rent for the month. 3 5 Performed $4,400 of services on account. 9 Declared and paid $200 in cash dividends. 12 Purchased supplies for $150 on account. 15 17 Received a cash payment of $1,250 for services provided on June 5. Purchased gasoline for $100 on account. 20 Received a cash payment of $1,500 for services provided. 23 Made a cash payment o $500 on the note payable. 26 29 Paid $250 for utilities. Paid for the gasoline purchased on account on June 17. 30 Paid $1,000 for employee salaries. Instructions (a) Prepare an income statement for the month of June. (b) Prepare a statement of financial position at June 30, 20X1.

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