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On June 1, 2022, Coronado Industries was started with an initial investment in the company of $ 22.100 cash. Here are the assets. liabilities, and
On June 1, 2022, Coronado Industries was started with an initial investment in the company of $ 22.100 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 $ 4,600 Notes payable $ 12.000 Accounts receivable 4.000 Accounts payable 500 Service revenue 7,500 Supplies expense 1.000 Supplies 2.400 600 400 Advertising expense Maintenance and repairs expense Utilities expense Salaries and wages expense 300 Equipment 26,000 1.400 Common stock 22,100 During June, the company issued no additional stock but paid dividends of $ 1.400 Prepare an income statement for the month of June. Coronado Industries Income Statement
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