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Question3 On June 1,2017, Metlock, Inc. was started with an initial investment in the company of $22,410 cash. Here are the assets, liabilities, and common
Question3 On June 1,2017, Metlock, Inc. was started with an initial investment in the company of $22,410 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 Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock 5,060 Notes payable 4,250 7,960 Supplies expense 2,300 12.920 750 1,100 700 200 1,860 Accounts payable 400 26,460 22,410 Maintenance and repairs expense Utilities expense Salaries and wages expense In June, the company issued no additional stock but paid dividends of $ 1,710 Prepare an income statement for the month of June. Metlock, Inc Prepare an income statement for the month of June. Metlock, Inc Income Statement Prepare a retained earnings statement for the month of June. (List items that increase retained earnings Metlock, Inc. Retained Earnings Statement List of Accounts Prepare a balance sheet at June 30, 2017. (List assets in order of liquidity) Metlock, Inc. Balance Sheet Prepare a balance sheet at June 30,2017.(List assets in order of liquidity Metlock, Inc. Balance Sheet Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity List of Accounts Attempts: 0 of 2 used
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