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E2-17 income statement After its first month of operations, the following amounts were taken from the accounting records of Big Mountain Realty Inc. as
E2-17 income statement After its first month of operations, the following amounts were taken from the accounting records of Big Mountain Realty Inc. as of June 30, 20Y9. 270 Cash $ 43,000 Common stock 75,000 Notes payable Rent expense $ 50,000 8,000 Dividends 2,000 Retained earnings 0 Interest expense 300 Salaries expense 50,000 Land 100,000 Miscellaneous expense 1,700 Sales commissions Utilities expense 90,000 10,000 Prepare an income statement for the month ending June 30, 20Y9.
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