Question
Please see the info below. They are all part of the same question. I need this asap please and thank you. It requires an income
Please see the info below. They are all part of the same question. I need this asap please and thank you. It requires an income statement for the month of june, a retained earnings statement for the month of june, and a balance sheet for June 30, 2017. Please include the correct terminology.
On June 1, 2017, Swifty Corporation was started with an initial investment in the company of $22,350 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations:
Cash | $ 5,070 | Notes payable | $12,940 | |||
---|---|---|---|---|---|---|
Accounts receivable | 4,150 | Accounts payable | 650 | |||
Service revenue | 7,970 | Supplies expense | 1,100 | |||
Supplies | 2,300 | Maintenance and repairs expense | 700 | |||
Advertising expense | 400 | Utilities expense | 200 | |||
Equipment | 26,470 | Salaries and wages expense | 1,870 | |||
Common stock | 22,350 |
In June, the company issued no additional stock but paid dividends of $1,650.
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