a. Prepare an income statement and a retained earnings statement for the month ended June, 2020

b. Prepare the closing entries on June 30, 2020.
 

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The adjusted trial balance of CUONO Company shows the following balances. CUONO COMPANY SpA Adjusted Trial Balance June 30, 2020 Debit Credit Cash.... Accounts Receivable. € 6,200 8,400 340 Supplies... Prepaid Insurance Equipment. Accumulated Depreciation- Equipment.. Accounts Payable.... Unearned Service Revenue Salaries and Wages Payable. Share Capital-Ordinary. Service Revenue 2,750 14,400 300 4,885 1,500 1,600 20,000 12,800 Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense. Rent Expense...... Utilities Expense. 1,260 300 250 6,000 1,000 185 €41.085 €41.085 The adjusted trial balance of CUONO Company shows the following balances. CUONO COMPANY SpA Adjusted Trial Balance June 30, 2020 Debit Credit Cash.... Accounts Receivable. € 6,200 8,400 340 Supplies... Prepaid Insurance Equipment. Accumulated Depreciation- Equipment.. Accounts Payable.... Unearned Service Revenue Salaries and Wages Payable. Share Capital-Ordinary. Service Revenue 2,750 14,400 300 4,885 1,500 1,600 20,000 12,800 Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense. Rent Expense...... Utilities Expense. 1,260 300 250 6,000 1,000 185 €41.085 €41.085

Answer rating: 100% (QA)

Answer Solution a Income statement Service revenue 12800 Expenses Supplies 1260 Deprecation 300 ... View the full answer