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On June 1, 2022, Sunland Company was started with an initial investment in the company of $24,750 cash. Here are the assets, liabilities, and common

On June 1, 2022, Sunland Company was started with an initial investment in the company of $24,750 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: image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

$13,300 880 945 Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $ 5,250 4,380 8,100 2,373 400 29,600 24,750 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense 680 220 1,400 During June, the company issued no additional stock but paid dividends of $1,782. Prepare an income statement for the month of June. SUNLAND COMPANY Income Statement $ Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) SUNLAND COMPANY Retained Earnings Statement Prepare a balance sheet at June 30, 2022. (List assets in order of liquidity.) SUNLAND COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity $ $ $

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