Question: CALCULATOR PRINTER VERSION 4 RACK NDA Problem 1-03A a1-a3 (Part Level Submission) On June 1, 2022, Sunland Company was started with an initial investment in

CALCULATOR PRINTER VERSION 4 RACK NDA Problem 1-03A a1-a3 (Part Level Submission) On June 1, 2022, Sunland Company was started with an initial investment in the company of $28,600 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $ 4,850 Notes payable $12,500 Accounts receivable 4,360 Accounts payable 860 Service revenue 7,800 Supplies expense 1,010 Supplies 2,424 Maintenance and repairs expense 630 Advertising expense 400 Utilities expense 270 Equipment 32,900 Salaries and wages expense 1,200 Common stock 28,600 During June, the company issued no additional stock but paid dividends of $1,716. (a1) Prepare an income statement for the month of June. SUNLAND COMPANY Income Statement Version 4.24.20 Con Inc (ai) Prepare an income statement for the month of June. SUNLAND COMPANY Income Statement $ Click if you would like to Show Work for this question: Open Show Work
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
