1. On June 1, 2017,Bramble Corp.was started with an initial investment in the company of $22,500cash. 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$4,850

Notes payable

$12,500

Accounts receivable4,250

Accounts payable750

Service revenue7,750

Supplies expense1,090

Supplies2,310

Maintenance and repairs expense690

Advertising expense400

Utilities expense210

Equipment26,250

Salaries and wages expense1,650

Common stock22,500

in June, the company issued no additional stock but paid dividends of $1,800.

Make a income statement for the month of June.

Make a retained earnings statement for the month of June.(List items that increase retained earnings first.)

Make a balance sheet at June 30, 2017.

2.Splish Brothers Inc.began operations on January 1, 2017. The following information is available forSplish Brothers Inc.on December 31, 2017.

Accounts payable$6,700

Notes payable$10,400

Accounts receivable3,700

Rent expense11,700

Advertising expense4,450

Retained earnings?

Cash4,800

Service revenue28,400

Common stock16,700

Supplies3,600

Dividends4,200

Supplies expense1,250

Equipment28,500

Make a income statement forSplish Brothers Inc..

Make a retained earnings statement forSplish Brothers Inc..(List items that increase retained earnings first.)

Make a balance sheet forSplish Brothers Inc..(List assets in order of liquidity.)