Question
On June 1, 2022,Carla Vista Co.was started with an initial investment in the company of $23,700cash. Here are the assets, liabilities, and common stock of
On June 1, 2022,Carla Vista Co.was started with an initial investment in the company of $23,700cash. 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$5,060Notes payable$12,920Accounts receivable4,250Accounts payable750Service revenue7,900Supplies expense860Supplies2,341Maintenance and repairs expense700Advertising expense400Utilities expense200Equipment28,800Salaries and wages expense1,000Common stock23,700 During June, the company issued no additional stock but paid dividends of $1,659.
sequence from the bottom to the above
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