Question: USING THE FOLLOWING INFORMATION AND GIVEN EXCEL SHEET CREAT A BALANCE SHEET. PLEASE AND THANK YOU IN ADVANCE!! On June 1, 2025, Elite Service Co.
USING THE FOLLOWING INFORMATION AND GIVEN EXCEL SHEET CREAT A BALANCE SHEET. PLEASE AND THANK YOU IN ADVANCE!!
On June 1, 2025, Elite Service Co. was started with an initial investment in the company of $22,100 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2025, and the revenues and expenses for the month of June, its first month of operations:
Cash $ 4,600 Notes payable $12,000 Accounts receivable 4,000 Accounts payable 500 Service revenue 7,500 Supplies expense 1,000 Supplies 2,400 Maintenance and repairs expense 600 Advertising expense 400 Utilities expense 300 Equipment 26,000 Salaries and wages expense 1,400 Common stock 22,100 During June, the company issued no additional stock but paid dividends of $1,400.

ELITE SERVICE CO. Balance Sheet
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