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Question 9 View Policies Current Attempt in Progress On June 1, 2022, Cullumber Company was started with an initial investment in the company of $19,750
Question 9 View Policies Current Attempt in Progress On June 1, 2022, Cullumber Company was started with an initial investment in the company of $19,750 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $4,730 Notes payable $12,260 Accounts receivable 4,330 Accounts payable 830 Service revenue 7,900 Supplies expense 955 Supplies 2,387 Maintenance and repairs expense 670 Advertising expense 400 Utilities expense 230 Equipment 24.000 Salaries and wages expense 1,300 Common stock 19,750 During June, the company issued no additional stock but paid dividends of $1,738. Prepare an income statement for the month of June. CULLUMBER COMPANY Income Statement Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) CULLUMBER COMPANY Retained Earnings Statement Prepare a balance sheet at June 30, 2022. (List assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity
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