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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. 
(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.)
STINER DELIVERIES  
Assets = 
Liabilities + 
Stockholders’ Equity                
Retained Earnings

Date

 

Cash

 + 
Accounts

Receivable

 + 

Supplies

 + 

Equipment

 = 
Notes

Payable

 + 
Accounts

Payable

 + 
Common

Stock

 + 

Revenues

 – 

Expenses

 – 

Dividends

June 1 $ $ $ $ $ $ $ $ $ $                      2                               3                               5                               9                               12                               15                               17                               20                               23                               26                               29                               30            $ $ $ $ = $ $ $ $ $ $ 
Click if you would like to Show Work for this question:Open Show Work SHOW LIST OF ACCOUNTS

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