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The income statement for the month of June, 2020 of Whispering, Inc. contains the following information: Revenues $7140 Expenses: Salaries and Wages Expense $2940 Rent
The income statement for the month of June, 2020 of Whispering, Inc. contains the following information:
Revenues | $7140 | |
Expenses: | ||
Salaries and Wages Expense | $2940 | |
Rent Expense | 1510 | |
Advertising Expense | 770 | |
Supplies Expense | 280 | |
Insurance Expense | 90 | |
Total expenses | 5590 | |
Net income | $1550 |
At June 1, 2020, Whispering reported owners equity of $35600. The company had no owner drawings during June. At June 30, 2020, the company will report owners equity of
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