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On June 1.2022. Sheridan Company was started with an initial investment in the company of $25.200 cash. Here are the assets. liabilities, and common stock
On June 1.2022. Sheridan Company was started with an initial investment in the company of $25.200 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 $5,500 Notes payable $13,800 Accounts receivable 4.490 Accounts payable 990 Service revenue 8.400 Supplies expense 960 Supplies 2,428 Maintenance and repairs expense 660 Advertising expense 400 Utilities expense 240 Equipment 31,100 Salaries and wages expense 1.100 Common stock 25,200 During June, the company issued no additional stock but paid dividends of $1,512. Prepare an income statement for the month of June. SHERIDAN COMPANY Revenues Service Revenue Expenses Advertising Expense Supplies Expense Maintenance and Repairs Expense Utilities Expense Salaries and Wages Expense Total Expenses Net Income/(Loss) Income Statement For the Month Ended June 30, 2022 +A 400 960 660 240 1.100 LA 8.400 5,700 5,700 Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) SHERIDAN COMPANY Retained Earnings Statement eTextbook and Media List of Accounts Prepare a balance sheet at June 30, 2022. (List assets in order of liquidity) SHERIDAN COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity
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