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On June 1, 2022, Bonita Industries was started with an initial investment in the company of $20,474 cash. Here are the assets, liabilities, and common

On June 1, 2022, Bonita Industries was started with an initial investment in the company of $20,474 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

$ 4,324

Notes payable

$11,280

Accounts receivable

3,760

Accounts payable

470

Service revenue

7,350

Supplies expense

940

Supplies

2,256

Maintenance and repairs expense

564

Advertising expense

376

Utilities expense

282

Equipment

24,440

Salaries and wages expense

1,316

Common stock

20,474

During June, the company issued no additional stock but paid dividends of $1,316.

(a1)

Prepare an income statement for the month of June.

Bonita Industries Income Statement choose the accounting period For the Month Ended June 30, 2022For the Year Ended June 30, 2022June 30, 2022

select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, June 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues

enter an income statement item

$enter a dollar amount

select an opening name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, June 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues

enter an income statement item

$enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

select a closing name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, June 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues

enter a total amount for section two

select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained Earnings, June 1Retained Earnings, June 30RevenuesTotal ExpensesTotal Revenues

$enter a total net income or loss amount

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