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help On June 1, 2017, Vaughn Manufacturing was started with an initial investment in the company of $22.410 cash. Here are the assets, liabl and
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On June 1, 2017, Vaughn Manufacturing was started with an initial investment in the company of $22.410 cash. Here are the assets, liabl and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations Cash $5,420 Notes payable $13,640 Accounts receivable Accounts payable 970 4,470 8,320 Service revenue Supplies expense 1,080 Supplies Maintenance and repairs expense 680 Advertising expense 2,320 400 26,820 Utilities expense 220 2,220 Equipment Salaries and wages expense Common stock 22,410 In June, the company issued no additional stock but paid dividends of $1.710. Prepare an income statement for the month of June. Vaughn Manufacturing Income Statement Prepare an income statement for the month of June. Vaughn Manufacturing Income Statement Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) Vaughn Manufacturing Retained Earnings Statement Prepare a balance sheet at June 30, 2017. (List assets in order of liquidity.) Vaughn Manufacturing Balance Sheet Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Step by Step Solution
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