Angelic Cosmetics Co., a company that provides individual skin care treatment, was started on June 1 with an investment of ¥25,000,000 cash. Following are the assets and liabilities of the company at June 30 and the revenues and expenses for the month of June (in thousands).

Shareholders made no additional investments in June. The company paid a cash dividend of ¥900,000 during the month.

Instructions

(a) Prepare an income statement and a retained earnings statement for the month of June and a statement of financial position at June 30, 2014. (Show numbers in thousands.)

(b) Prepare an income statement and a retained earnings statement for June assuming the following data are not included above: 

(1) ¥800,000 of revenue was earned and billed but not collected at June 30.

(2) ¥100,000 of gasoline expense was incurred but not paid.

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Cash Accounts Receivable Service Revenue Notes Payable Accounts Payable Rent Expense Gasoline Expense ¥13,000 1,400 1,600 ¥10,000 4,000 5,500 2,000 Supplies Advertising Expense Equipment 600 Utilities Expense 500 300 25,000