Question: Problem 1-04A a-c (Part Level Submission) Nancy Tercek started a delivery service, Sunland Company, on June 1, 2020. The following transactions occurred during the month

Problem 1-04A a-c (Part Level Submission)

Nancy Tercek started a delivery service, Sunland Company, on June 1, 2020. The following transactions occurred during the month of June.

June 1 Stockholders invested $15,300 cash in the business in exchange for common stock.
2 Purchased a used van for deliveries for $14,700. Nancy paid $3,300 cash and signed a note payable for the remaining balance.
3 Paid $700 for office rent for the month.
5 Performed $4,600 of services on account.
9 Declared and paid $300 in cash dividends.
12 Purchased supplies for $100 on account.
15 Received a cash payment of $1,400 for services performed on June 5.
17 Purchased gasoline for $200 on account.
20 Received $1,400 cash for services performed.
23 Made a cash payment of $400 on the note payable.
26 Paid $350 for utilities.
29 Paid for the gasoline purchased on account on June 17.
30 Paid $1,550 for employee salaries.

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.)

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