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  1. business
  2. accounting
  3. june stockholders invested $12,200 cash in the bus

June Stockholders invested $12,200 cash in the business in exchange for common stock. 2 Purchased...

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Accounting

imageimageimageimage June Stockholders invested $12,200 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries for $17,080. Nancy paid $2,440 cash and signed a note payable for the remaining balance. 3 Paid $610 for office rent for the month. 5 Performed $5,856 of services for customer on account. 9 Declared and paid $366 in cash dividends. 12 Purchased supplies for $183 on account. 15 Received a cash payment of $1,525 for services performed on June 5. 17 Purchased gasoline for $122 on account. 20 Performed services for customer for $1,830 cash. 23 Made a cash payment of $610 on the note payable. 26 Paid $305 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $1,220 for employee salaries. (a) Show the effects of the previous transactions on the accounting equation using the following format. Include margin explanations for any changes in revenues or expenses. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses

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