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On June 1, 2022, Blossom Company was started with an initial investment in the company of $24,000 cash. Here are the assets, liabilities, and common
On June 1, 2022, Blossom Company was started with an initial investment in the company of $24,000 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: $12.340 610 Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $ 4,770 4,110 7,600 2,262 740 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense 690 400 210 1.000 29,000 24.000 During June, the company issued no additional stock but paid dividends of $1,368. (11) Prepare an income statement for the month of June. BLOSSOM COMPANY Income Statement $ $
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