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On June 1, 2017, Wildhorse Co. was started with an initial investment in the company of $22,310 cash. Here are the assets, liabilities, and common
On June 1, 2017, Wildhorse Co. was started with an initial investment in the company of $22,310 cash. Here are the assets, liabilities, 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 Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock 5,600 Notes payable 4,400Accounts payable 8,500 Supplies expense 2,310 Maintenance and repairs expense $14,000 900 1,090 690 210 2,400 400 27,000 22,310 Utilities expense Salaries and wages expense In June, the company issued no additional stock but paid dividends of $1,610. Prepare an income statement for the month of June Wildhorse Co. SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) Wildhorse Co. Retained Earnings Statement
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