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57. The income statement for the month of June, 2015 of Camera Obscura Enterprises contains the following information: $7,000 Revenues Expenses: Salaries and Wages Expense
57. The income statement for the month of June, 2015 of Camera Obscura Enterprises contains the following information: $7,000 Revenues Expenses: Salaries and Wages Expense $3,000 1.500 Rent Expense 800 Advertising Expense 300 Supplies Expense Insurance Expense 100 Total expenses 5,700 Net income $1.300 At June 1, 2015, Camera Obscura reported retained earnings of $35,000. The company had no dividends during June. At June 30, 2015, the company will report retained earnings of A) $36,300 B) $29,300. C) $42,000. D) $35,000
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