June 1 2 3 5 9 12 15 17 20 23 26 29 30 Stockholders invested $11,200 cash in the business in exchange for common stock. Purchased a used van for deliveries for $14,900. Nancy paid $3,100 cash and signed a note payable for the remaining balance. Paid $500 for office rent for the month. Performed $4,900 of services on account. Declared and paid $300 in cash dividends. Purchased supplies for $100 on account. Received a cash payment of $1,200 for services performed on June 5. Purchased gasoline for $100 on account. Received $1,300 cash for services performed. Made a cash payment of $700 on the note payable. Paid $200 for utilities. Paid for the gasoline purchased on account on June 17. Paid $1,500 for employee salaries.
June 1 2 3 5 9 12 15 17 20 23 26 29 30 Stockholders invested $11,200 cash in the business in exchange for common stock. Purchased a used van for deliveries for $14,900. Nancy paid $3,100 cash and signed a note payable for the remaining balance. Paid $500 for office rent for the month. Performed $4,900 of services on account. Declared and paid $300 in cash dividends. Purchased supplies for $100 on account. Received a cash payment of $1,200 for services performed on June 5. Purchased gasoline for $100 on account. Received $1,300 cash for services performed. Made a cash payment of $700 on the note payable. Paid $200 for utilities. Paid for the gasoline purchased on account on June 17. Paid $1,500 for employee salaries.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:June
1
2
3
5
9
12
15
17
20
23
26
29
30
Stockholders invested $11,200 cash in the business in exchange for common stock.
Purchased a used van for deliveries for $14,900. Nancy paid $3,100 cash and signed a note payable for the remaining
balance.
Paid $500 for office rent for the month.
Performed $4,900 of services on account.
Declared and paid $300 in cash dividends.
Purchased supplies for $100 on account.
Received a cash payment of $1,200 for services performed on June 5.
Purchased gasoline for $100 on account.
Received $1,300 cash for services performed.
Made a cash payment of $700 on the note payable.
Paid $200 for utilities.
Paid for the gasoline purchased on account on June 17.
Paid $1,500 for employee salaries.

Transcribed Image Text:Prepare a balance sheet at June 30, 2022. (List Assets in order of liquidity.)
current assets
V
Cheyenne Corp.
Balance Sheet
June 30, 2022
Assets
Liabilities and Stockholders' Equity
$
$
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