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The income statement for the month of June, 2021 of Snap Shot, Inc. contains the following information: Revenues $7,300 Expenses: Salaries & Wages Expense $3,000
The income statement for the month of June, 2021 of Snap Shot, Inc. contains the following information: Revenues $7,300 Expenses: Salaries & Wages Expense $3,000 Rent Expense 1,300 Advertising Expense 700 Supplies Expense 200 Insurance Expense 100 Total expenses 5,300 Net income $2.000 A June 1, 2016, Snap Shot reported owner's equity of $36,000. The company had no owner drawings during June. At June 30, 2016, the company will report owner's equity of: $30,700 O $36,000 $38,000 $43,300
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