After its first month of operations, the following amounts were taken from the accounting records of Big

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After its first month of operations, the following amounts were taken from the accounting records of Big Mountain Realty Inc. as of June 30, 20Y9.

Prepare an income statement for the month ending June 30, 20Y9.

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Survey of Accounting

ISBN: 978-1305961883

8th edition

Authors: Carl S. Warren

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Question Posted: Feb 16, 2017 09:15 AM

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After its first month of operations, the following amounts were taken from the accounting records of Big

Question:

Cash Common stock Dividends Interest expense Land Miscellaneous expense 43,000 75,000 2,000 Notes payable Rent expense Retained earnings Salaries expense Sales commissions Utilities expense 50,000 8,000 100,000 1,700 50,000 90,000 10,000

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