Question
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:
Cash | $ 5,250 | Notes payable | $13,300 | |||
---|---|---|---|---|---|---|
Accounts receivable | 4,380 | Accounts payable | 880 | |||
Service revenue | 8,100 | Supplies expense | 945 | |||
Supplies | 2,373 | Maintenance and repairs expense | 680 | |||
Advertising expense | 400 | Utilities expense | 220 | |||
Equipment | 29,600 | Salaries and wages expense | 1,400 | |||
Common stock | 24,750 |
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 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 subtotal 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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