Question
On June 1, 2021, Holistic Company was started with an initial investment in the company of $19,250 cash. The assets, liabilities, and common stock of
On June 1, 2021, Holistic Company was started with an initial investment in the company of $19,250 cash. The assets, liabilities, and common stock of the company are listed below at June 30, 2021, and the revenues and expenses for the month of June, its first month of operations:
Cash $4840
Accounts Receivable 4270Notes Payable$12480
Service Revenue7700Accounts Payable770
Supplies2462Supplies Expense780
Advertising Expense400Repairs expense610
Equipment23700Utilities Expense290
Common Stock19250 Salaries Expense1000
During June, the company issued no additional stock but paid dividends of $1848. Draw up the income statement.
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