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On June 1, 2022, Blue Spruce Corp. was started with an initial investment in the company of $26,520 cash. Here are the assets, liabilities, and
On June 1, 2022, Blue Spruce Corp. was started with an initial investment in the company of $26,520 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: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $ 5,520 4.800 9,000 2,880 480 31,200 26,520 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $14,400 600 1.200 720 360 1.680 During June, the company issued no additional stock but paid dividends of $1,680. (21) Prepare an income statement for the month of June. Blue Spruce Corp. Income Statement (a 1) Prepare an income statement for the month of June. Blue Spruce Corp. Income Statement $ + $ Save for Later Attempts: 0 of 1 used Submit
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