Problem 1-4A (Part Level Submission)Matt Stiner started a delivery service, Stiner Deliveries, on June 1, 2014. The following transactions occurred during the month of June.June 1 Stockholders invested $14,493 cash in the business in exchange for common stock.2 Purchased a used van for deliveries for $14,932. Matt paid $3,189 cash and signed a note payable for the remaining balance.3 Paid $669 for office rent for the month.5 Performed $4,502 of services on account.9 Declared and paid $203 in cash dividends.12 Purchased supplies for $109 on account.15 Received a cash payment of $1,468 for services provided on June 5.17 Purchased gasoline for $124 on account.20 Received a cash payment of $1,385 for services provided.23 Made a cash payment of $531 on the note payable.26 Paid $122 for utilities.29 Paid for the gasoline purchased on account on June 17.30 Paid $1,255 for employee salaries. (a)Show the effects of the previous transactions on the accounting equation.
\n(If a transaction causes a decrease in Assets, Liabilities or Stockholders’ Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.)<\/b>
\nSTINER DELIVERIES<\/b>
\nAssets<\/b> =
\nLiabilities<\/b> +
\nStockholders’ Equity<\/b>
\nRetained Earnings<\/b><\/p>\n
Date<\/b><\/p>\n
<\/p>\n
Cash<\/b><\/p>\n
+
\nAccounts<\/b><\/p>\n
Receivable<\/p>\n
+ <\/p>\n
Supplies<\/b><\/p>\n
+ <\/p>\n
Equipment<\/b><\/p>\n
=
\nNotes<\/b><\/p>\n
Payable<\/p>\n
+
\nAccounts<\/b><\/p>\n
Payable<\/p>\n
+
\nCommon<\/b><\/p>\n
Stock<\/p>\n
+ <\/p>\n
Revenues<\/b><\/p>\n
\u2013 <\/p>\n
Expenses<\/b><\/p>\n
\u2013 <\/p>\n
Dividends<\/b><\/p>\n
June 1 $ $ $ $ $ $ $ $ $ $ 2 3 5 9 12 15 17 20 23 26 29 30 $ $ $ $ = $ $ $ $ $ $
\nClick if you would like to Show Work for this question:<\/b>Open Show Work SHOW LIST OF ACCOUNTS<\/p>\n","protected":false},"excerpt":{"rendered":"
Problem 1-4A (Part Level Submission)Matt Stiner started a delivery service, Stiner Deliveries, on June 1, 2014. The following transactions occurred during the month of June.June 1 Stockholders invested $14,493 cash in the business in exchange for common stock.2 Purchased a used van Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-49168","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=49168"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49168\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=49168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=49168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=49168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}