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On June 1, 2022, Waterway Industries was started with an initial investment in the company of $25,194 cash. Here are the assets, liabilities, and common

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On June 1, 2022, Waterway Industries was started with an initial investment in the company of $25,194 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 $5,244 $13,680 4,560 570 Accounts receivable Service revenue Supplies 8,550 1,140 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense 2,736 684 Advertising expense 456 342 Equipment 29,640 1,596 Common stock 25,194 Prepare an income statement for the month of June. Waterway Industries Income Statement

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