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prepare income statement, retained earnings, and statement of financial position P1-3B Angelic Cosmetics Co. Ltd., a company that provides individual skin care treat- re P

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prepare income statement, retained earnings, and statement of financial position image text in transcribed
P1-3B Angelic Cosmetics Co. Ltd., a company that provides individual skin care treat- re P ment, was started on June 1, 2017, with an investment of 25,000,000 cash. Following are an the assets and liabilities of the company at June 30 and the revenues and expenses for the po month of June (in thousands). (L Notes Payable Accounts Payable Rent Expense Gasoline Expense Utilities Expense 13,000 1,700 1,800 10,000 4,000 5,500 2,000 500 Cash Accounts Receivable Service Revenue 600 Supplies Advertising Expense Equipment 400 25,000 Shareholders made no additional investments in June. The company paid a cash dividend of Y900,000 during the month. P1-3B Angelic Cosmetics Co. Ltd., a company that provides individual skin care treat- re P ment, was started on June 1, 2017, with an investment of 25,000,000 cash. Following are an the assets and liabilities of the company at June 30 and the revenues and expenses for the po month of June (in thousands). (L Notes Payable Accounts Payable Rent Expense Gasoline Expense Utilities Expense 13,000 1,700 1,800 10,000 4,000 5,500 2,000 500 Cash Accounts Receivable Service Revenue Supplies Advertising Expense Equipment 600 400 25,000 Shareholders made no additional investments in June. The company paid a cash dividend of Y900,000 during the month

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