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Nancy Tercek started a delivery service, Bramble Deliveries, on June 1, 2017. The following transactions occurred during the month of June. June 1 Stockholders invested $17,800 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries for $15,000. Nancy paid $3,500 cash and signed a note payable for the remaining balance. 3 Paid $600 for office rent for the month. 5 Performed $4,700 of services on account. 9 Declared and paid $300 in cash dividends. 12 Purchased supplies for $100 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 a cash payment of $1,600 for services performed. 23 Made a cash payment of $500 on the note payable. 26 Paid $300 for utilities. 29 Paid for the gasoline purchased on account on June 17. 30 Paid $1,190 for employee salaries.

Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) BRAMBLE DELIVERIES Retained Earnings Statement For the Year Ended June 30, 2017For the Month Ended June 30, 2017June 30, 2017 DividendsExpensesNet Income / (Loss)Retained earnings, June 1Retained earnings, June 30RevenuesTotal ExpensesTotal RevenuesInvestments $ AddLess : DividendsExpensesNet Income / (Loss)Retained earnings, June 1Retained earnings, June 30RevenuesTotal ExpensesTotal RevenuesInvestments AddLess : Dividends Expenses Net Income / (Loss) Retained earnings, June 1 Retained earnings, June 30 Revenues Total Expenses Total Revenues Investments DividendsExpensesNet Income / (Loss)Retained earnings, June 1Retained earnings, June 30RevenuesTotal ExpensesTotal RevenuesInvestments $ SHOW LIST OF ACCOUNTS

Prepare a classified balance sheet at June 30, 2017. (List Current Assets in order of liquidity.) BRAMBLE DELIVERIES Balance Sheet For the Month Ended June 30, 2017For the Year Ended June 30, 2017June 30, 2017 Assets Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders Equity $ Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Intangible Assets Total Current Liabilities Total Liabilities and Stockholders Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders Equity $ Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Intangible Assets Total Current Liabilities Total Liabilities and Stockholders Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders Equity $ Liabilities and Stockholders' Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders Equity $ Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders Equity $ Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders Equity $

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