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Balance Sheet After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of
Balance Sheet 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, 2049. Cash $135,150 Notes payable $89,250 Common stock 63,750 Rent expense 12,750 Dividends 25,500 Retained earnings 0 Interest expense 5,100 Salaries expense 191,250 Land 107,100 Sales commissions 369,750 Miscellaneous expense 7,650 Utilities expense 38,250 Prepare a balance sheet as of June 30, 2019. West Coast Dreams Realty Inc. Balance Sheet June 30, 2019 Assets Cash 135,150 Land 107,100 Total assets 242,250 Liabilities Notes payable 89,250 Stockholders' Equity $ 63,750 Common stock Retained earnings Total stockholders' equity II Total liabilities and stockholders' equity
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