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Lucky Me Company The following are the account balances of Sweet Corn for the month ended June 30, 2X18. Revenues P85,000 Expenses Noodles 22,800 Seasonings
Lucky Me Company The following are the account balances of Sweet Corn for the month ended June 30, 2X18. Revenues P85,000 Expenses Noodles 22,800 Seasonings 17,300 Employees' wages and benefits 10,700 Lease payments 24,000 Utilities 3,200 Advertising 900 Miscellaneous 300 Cash 6,200 Equipment 12,500 Accounts Payable 650 Wages Payable 1,200 Investment by Owner 12,500 Drawings by Owner 1,450 Requirement: Prepare a statement of financial position for June 30, 2X18. (10 points) Rubric for grading: PERFORMANCE INDICATORS Correct accounts and amounts used Computed final amounts are correct/balanced TOTAL POINTS 6 4 5
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