Question: On June 1, a company was started with an initial investment in the company of $22,210 cash. Here are the assets, liabilities, and common stock
On June 1, a company was started with an initial investment in the company of $22,210 cash. Here are the assets, liabilities, and common stock of the c/ompany at June 30, and the revenues and expenses for the month of june, its first month of operations:
cash: 5519
accounts receivable: 4158
service revenue: 8419
Supplies: 2329
advertising expense: 400
equipment: 26919
common stock: 22230
Notes payable: 13838
Accounts payable: 658
Supplies expense: 1071
maintenance and repairs expense: 671
utilities expense: 229
salaries and wages expense: 2319
In June, the company issued no additional stock but paid dividends of $1530
1. Prepare a balance sheet at June 30, 2014
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