Financial Accounting: P1-4A Mark Miller started a delivery service, Miller Deliveries

Financial Accounting

P1-4A
Mark Miller started a delivery service, Miller Deliveries, on June 1, 2008. The following transactions occurred during the month of June.
June
1 Shareholders invested $10,000 cash in the business.
2 Purchased a used van for deliveries for $12,000. Mark paid $2,000 cash and signed a note payable for the remaining balance.
3 Paid $500 for office rent for the month.
5 Performed $4,400 of services on account.
9 Paid $200 in cash dividends.
12 Purchased supplies for $150 on account.
15 Received a cash payment of $1,250 for services provided on June 5.
17 Purchased gasoline for $100 on account.
20 Received a cash payment of $1,500 for services provided.
23 Made a cash payment of $500 on the note payable.
26 Paid $250 for utilities.
29 Paid for the gasoline purchased on account on June 17.
30 Paid $1,000 for employee salaries.

Instructions
(a) Complete the table below. (Show the amount of increase or decrease for each transaction using a + for an increase (+500) and a - for a decrease (-500) and a 0 for no change. Please do not leave any fields blank.)
(b) Prepare an income statement for the month of June. (List amounts from largest to smallest eg 10, 5, 3, 2.)
(c) Prepare a balance sheet at June 30, 2008. (List assets in order of liquidity and liabilities from largest to smallest eg 10, 5, 3, 2.)
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