Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I ONLY NEED THE STATEMENT OF STOCKHOLDERS EQUITY Continuing Problem Chapter 1 - Instruction #3 Refer to your answers from Chapter 1, Parts 1 and

I ONLY NEED THE STATEMENT OF STOCKHOLDERS EQUITY image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Continuing Problem Chapter 1 - Instruction #3 Refer to your answers from Chapter 1, Parts 1 and 2 to complete to complete this part Prepare a statement of stockholders' equity for PS Music for the month ended June incurred or there is a decrease in retained earnings, enter that amount as a negativ 20Y5. If an amount box does not require an entry, leave it blank. If a net loss is using a minus sign PS Music Statement of Stockholders' Equity For the Month Ended June 30, 20YS Common Stock Retained Earnings - Balances, June 1, 2015 Net income 1,340 Dividends -500 Balances, June 30, 2015 Net loss Continuing Problem Chapter 1 - Instruction #2 Refer to your answers from Chapter 1, Part 1 to complete this part. Prepare an income statement for PS Music for the month ended June 30, 20Y5. PS Music Income Statement For the Month Ended June 30, 2045 Fees Earned 6,200 Expenses: Music Expense 1,590 Office Rent Expense 800 Equipment Rent Expense 675 Advertising Expense 500 Wages Expense 400 Utilities Expense 300 Supplies Expense 180 Miscellaneous Expense 415 Total Expenses 4,860 Net Income $ 1,340 Accounts Receivable Common Smith Stock Cash . Selles . P er - Dividends . Earned 4.000 2.500 June 2.500 June 13 3.500 une 16 100 June 22 June 25 June 29 June 30 une 30 Stockholders' Equity Office Music -350 -625 1,590 500 575 500 400 300 Continuing Problem Chapter 1 - Instruction #3 Refer to your answers from Chapter 1, Parts 1 and 2 to complete to complete this part Prepare a statement of stockholders' equity for PS Music for the month ended June incurred or there is a decrease in retained earnings, enter that amount as a negativ 20Y5. If an amount box does not require an entry, leave it blank. If a net loss is using a minus sign PS Music Statement of Stockholders' Equity For the Month Ended June 30, 20YS Common Stock Retained Earnings - Balances, June 1, 2015 Net income 1,340 Dividends -500 Balances, June 30, 2015 Net loss Continuing Problem Chapter 1 - Instruction #2 Refer to your answers from Chapter 1, Part 1 to complete this part. Prepare an income statement for PS Music for the month ended June 30, 20Y5. PS Music Income Statement For the Month Ended June 30, 2045 Fees Earned 6,200 Expenses: Music Expense 1,590 Office Rent Expense 800 Equipment Rent Expense 675 Advertising Expense 500 Wages Expense 400 Utilities Expense 300 Supplies Expense 180 Miscellaneous Expense 415 Total Expenses 4,860 Net Income $ 1,340 Accounts Receivable Common Smith Stock Cash . Selles . P er - Dividends . Earned 4.000 2.500 June 2.500 June 13 3.500 une 16 100 June 22 June 25 June 29 June 30 une 30 Stockholders' Equity Office Music -350 -625 1,590 500 575 500 400 300

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Irregularities Frauds And The Necessity Of Technical Auditing In Construction Industry

Authors: A. L. M. Ameer

1st Edition

1481799754, 978-1481799751

More Books

Students also viewed these Accounting questions

Question

Guidelines for Informative Speeches?

Answered: 1 week ago