Using the information from the previous problem, prepare a Statement of Income and Expenses.

June $1$ Invested cash in Norman Environmental Services and received common stock $$58000$

June $2$ Borrowed from the First Bank of Baltimore and signed a promissory note $$40500$

June $3$ Purchased Supplies with Cash $$1100$

June $4$ Purchased a computer from a local office supply store on account $$1075$

June $5$ Provided tutorial services on account for $3$ students $$2440$

June $5$ Paid rent for the month $$775$

June $6$ Placed and paid for an ad in a newspaper to run this month $$250$

June $7$ Paid the office supply store fully for the computer purchased on June $4$

June $8$ Received $$180$ cash from tutorial services provided on account on June $5$

June $15$ Provided additional tutorial services to students for cash $$580$

June $30$ Determined that $$310$ of supplies was remaining

June $30$ Declared and paid dividends in the amount of $$450$

Shamina Tutorial Services

Statement of Income and Expenses

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