On June 1, 2022, Oriole Company was started with an initial investment in the company of...

   

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On June 1, 2022, Oriole Company was started with an initial investment in the company of $31,500 cash. Here. liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of operations: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $5,470 4,280 8,400 2,398 400 37,400 31,500 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $13,740 780 860 670 230 During June, the company issued no additional stock but paid dividends of $1,512. 1,200 Prepare an income statement for the month of June. Total Revenues Service Revenue Expenses Advertising Expense Supplies Expense Maintenance and Repairs Expense Utilities Expense Salaries and Wages Expense Total Expenses ORIOLE COMPANY Income Statement For the Month Ended June 30, 2022 $400 MO 670 230 1.200 84008 400 1360 1040 Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) ORIOLE COMPANY Retained Earnings Statement Prepare a balance sheet at June 30, 2022. (List assets in order of liquidity) ORIOLE COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity Jogni On June 1, 2022, Oriole Company was started with an initial investment in the company of $31,500 cash. Here. liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of operations: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $5,470 4,280 8,400 2,398 400 37,400 31,500 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $13,740 780 860 670 230 During June, the company issued no additional stock but paid dividends of $1,512. 1,200 Prepare an income statement for the month of June. Total Revenues Service Revenue Expenses Advertising Expense Supplies Expense Maintenance and Repairs Expense Utilities Expense Salaries and Wages Expense Total Expenses ORIOLE COMPANY Income Statement For the Month Ended June 30, 2022 $400 MO 670 230 1.200 84008 400 1360 1040 Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) ORIOLE COMPANY Retained Earnings Statement Prepare a balance sheet at June 30, 2022. (List assets in order of liquidity) ORIOLE COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity Jogni

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To prepare the income statement for the month of June 2022 we need to calculate the net income by su... View the full answer