PROBLEM $2$: Sal Anderson started his own delivery service, Anderson Service

Inc., on June $1,2014.$ The following transactions occurred during the month of

June:

June $1$ Stockholders invested $$15,000$ cash in the business in exchange for

common stock.

$2$ Purchased a used van for deliveries for $$15,000.$ Sal paid $$2,000$ cash and

signed a note payable for the remaining balance.

$3$ Paid $$600$ for office rent for the month.

$5$ Performed $$2,400$ of services on account.

$9$ Paid $$300$ in cash dividends.

$12$ Purchased supplies for $$240$ on account.

$15$ Received a cash payment of $$750$ for services provided on June $5.$

$17$ Received a bill for $$200$ to cover advertisements in Tri$-$State News.

$20$ Received a cash payment of $$1,500$ for services provided.

$23$ Made a cash payment of $$500$ on the note payable.

$26$ Paid $$180$ for utilities.

$29$ Paid for the supplies purchased on account on June $12.$

$30$ Paid $$750$ for employee salaries.

Instructions:

$($a$)$ Show the effects of the previous transactions on the accounting equation,

$($b$)$ Prepare an income statement for the month of June.

$($c$)$ Prepare a classified balance sheet at June $30,2012.$