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Question 2 On June 1,2017,Whispering Winds Corp. was started with an initial investment in the company of $ 22.320 cash. Here are the assets, liabilities,
Question 2 On June 1,2017,Whispering Winds Corp. was started with an initial investment in the company of $ 22.320 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: 5.600 Notes payable 4,140 Accounts payable 8,500 Supplies expense 2.380 Maintenance and repairs expense $14,000 Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock 640 1,020 400 Utilities expense 27000 Salaries and wages expense 22,320 620 280 2,400 In June, the company issued no additional stock but paid dividends of $ 1.620
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