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Current Attempt in Progress On June 1, 2022, Carla Vista Co. was started with an initial investment in the company of $20,160 cash. Here are
Current Attempt in Progress On June 1, 2022, Carla Vista Co. was started with an initial investment in the company of $20,160 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $ 5,450 Notes payable $13,700 Accounts receivable 4,270 Accounts payable 770 Service revenue 8,400 Supplies expense 960 Supplies 2,438 Maintenance and repairs expense 650 Advertising expense 400 Utilities expense 250 Equipment 26,000 Salaries and wages expense 1,100 Common stock 20,160 During June, the company issued no additional stock but paid dividends of $1,512. Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) CARLA VISTA CO. Retained Earnings Statement June 30, 2022 Retained Earnings, June 1 Add : Net Income/(Loss) Less : Dividends Retained Earnings, June 30 eTextbook and Media List of Accounts Prepare a balance sheet at June 30, 2022. (List assets in order of liquidity.) CARLA VISTA CO. Balance Sheet Assets Liabilities and Stockholders' Equity $ $ $ $
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