Problem 1-03A a1-a3 (Part Level Submission)

On June 1, 2022, Wildhorse Co. was started with an initial investment in the company of $19,750 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		$ 4,960		Notes payable		$12,720
Accounts receivable		4,340		Accounts payable		840
Service revenue		7,900		Supplies expense		860
Supplies		2,291		Maintenance and repairs expense		700
Advertising expense		400		Utilities expense		200
Equipment		24,800		Salaries and wages expense		1,000
Common stock		19,750

During June, the company issued no additional stock but paid dividends of $1,659.

***Must follow this format..... for the month ended or for the year ended or just june 30,2022

for the first drop down options--- dividends, expenses, net income/loss, retained earnings june 1, retained earnings june 30, revenues, total expenses, or total revenues

second drop down--- add or less

third drop down ---dividends, expenses, net income/loss, retained earnings june 1, retained earnings june 30, revenues, total expenses, or total revenues

fourth drop down---- add or less

fifth drop down---- dividends, expenses, net income/loss, retained earnings june 1, retained earnings june 30, revenues, total expenses, or total revenues

sixth drop down-----dividends, expenses, net income/loss, retained earnings june 1, retained earnings june 30, revenues, total expenses, or total revenues

WILDHORSE CO. Income Statement For the Month Ended June 30, 2022 v Revenues Service Revenue 7900 Expenses Salaries and Wages Expense 1000 Advertising Expense 400 Supplies Expense 860 Maintenance and Repairs Expense 700 Utilities Expense 200 Total Expenses 3160 Net Income / (Loss) 4740 (a2) Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) WILDHORSE CO. Retained Earnings Statement