Question
On June 1, 2021, Ayayai Corp. was formed. Its assets, liabilities, share capital, revenues, expenses, and dividends as at June 30 follow: Cash Accounts
On June 1, 2021, Ayayai Corp. was formed. Its assets, liabilities, share capital, revenues, expenses, and dividends as at June 30 follow: Cash Accounts receivable Accounts payable Bank loan payable Common shares Dividends declared Service revenue Supplies expense $18,600 11,160 9,052 28,520 44,640 1,240 30,008 2,604 Supplies Equipment Interest expense Office expense Utilities expense Income tax expense Salaries expense $1,488 64,480 992 1,860 1,860 868 7,068 Prepare a statement of income for the month of June. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) AYAYAI CORP. Statement of Income $ INT $
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
5th Canadian edition
978-1118024492
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