Using the information from the previous problem, prepare a Statement of Income and Expenses.
June 1 Invested cash in Norman Environmental Services and received common stock $52000 June 2 Borrowed from the First Bank of Baltimore and signed a promissory note $51500 June 3 Purchased Supplies with Cash $1200 June 4 Purchased a computer from a local office supply store on account $1300 June 5 Provided tutorial services on account for 3 students $2240 June 5 Paid rent for the month $725 June 6 Placed and paid for an ad in a newspaper to run this month $190 June 7 Paid the office supply store fully for the computer purchased on June 4 June 8 Received $180 cash from tutorial services provided on account on June 5 June 15 Provided additional tutorial services to students for cash $320 June 30 Determined that $440 of supplies was remaining June 30 Declared and paid dividends in the amount of $550
Shamina Tutorial Services Statement of Income and Expenses For the month of March 2013