Nancy Tercek started a delivery service, Wildhorse Co., on June 1, 2019. The following transactions occurred during the month of June. June 1 Stockholders invested $19,200 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries for $14,100. Nancy paid $3,800 cash and signed a note payable for the remaining balance. 3 Paid $500 for office rent for the month. 5 Performed $4,500 of services on account. 9 Declared and paid $200 in cash dividends. 12 Purchased supplies for $200 on account. 15 Received a cash payment of $1,100 for services performed on June 5. 17 Purchased gasoline for $300 on account. 20 Received $1,300 cash for services performed. 23 Made a cash payment of $800 on the note payable. 26 Paid $250 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $2,270 for employee salaries. Collapse question part (a)

Show the effects of the previous transactions on the accounting equation using the following format.

       Assets     Liabilities  Equity

Issuance  19200    19200

Purchase of  1410010300  

equipment  -3800    

rent expense    -500        500

acc. service   4500      4500

dividends    -200       -200

supplies      200   200  

collect     1100    

on customer   -1100    

cash service    1100        1100

gasoline exp     300     -300

cash service   1300       1300

payment NP   -800   -800      

Utilities    -250       -250

pay gas    -300   -300  

employees  -2270     -2270

Totals  32280  9700  23580

Explanation:

the purchase of the van increases asset but also the cash used decrease it.

same sitiuation ocurs when collecting the customer accounts.

the assets increase through cash but decrease form account receivable as they are no longer liable for the amount.

When a liability is paid we decrease the assets for the cash used and the liability as we perform our obligation.

i think the answer is a. dependable person

i hope this is right!

what is wrong with black soap shampoo?

explanation: