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After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of June 30,
After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of June 30, 20Y9.
Cash | $153,700 | Notes payable | $101,500 | |
Common stock | 72,500 | Rent expense | 14,500 | |
Dividends | 29,000 | Retained earnings | 0 | |
Interest expense | 5,800 | Salaries expense | 217,500 | |
Land | 121,800 | Sales commissions | 420,500 | |
Miscellaneous expense | 8,700 | Utilities expense | 43,500 |
Prepare a statement of stockholders' equity for the month ended June 30, 20Y9. If an amount box does not require an entry, leave it blank or enter "0".
Common Stock | Retained Earnings | Total | |
Balances, June 1, 20Y9 | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 |
Interest expenseIssued common stockMiscellaneous expenseRevenuesSales commissionsIssued common stock | Issued common stock | Issued common stock | Issued common stock |
Capital stockSales commissionsNet incomeNet lossMiscellaneous expenseNet income | Net income | Net income | Net income |
CashDividendsInterest expenseMiscellaneous expenseRetained earningsDividends | Dividends | Dividends | Dividends |
Balances, June 30, 20Y9 | $fill in the blank 16 | $fill in the blank 17 | $fill in the blank 18 |
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