Chapter 1, Problem 1.3AP

FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS

19th Edition

ISBN: 9781119493624

Author: Kimmel

Publisher: WILEY

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Chapter 1, Problem 1.2AP

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On June 1, 2025, Oriole Service Co. was started with an initial investment in the company of $31,500 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 Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock. $5,470 4,280 8,400 2,398 400 37,400 31.500 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $13,740 780 860 670 230 1,200

Please see the info below. They are all part of the same question. I need this asap please and thank you. It requires an income statment for the month of june, a retained earnings statement for the month of june, and a balance sheet for June 30, 2017. Please include the correct terminology. On June 1, 2017, Swifty Corporation was started with an initial investment in the company of $22,350 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations: Cash $ 5,070 Notes payable $12,940 Accounts receivable 4,150 Accounts payable 650 Service revenue 7,970 Supplies expense 1,100 Supplies 2,300 Maintenance and repairs expense 700 Advertising expense 400 Utilities expense 200 Equipment 26,470 Salaries and wages expense 1,870 Common stock 22,350 In June, the company issued no additional stock…

what is the retained earnings ? And completed balance sheet On June 1, 2025, Cullumber Service 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, 2025, and the revenues and expenses for the month of June, its first month of operations: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $4,730 Notes payable 4,330 Accounts payable 7,900 Supplies expense 2,387 Maintenance and repairs expense 400 Utilities expense 24,000 Salaries and wages expense 19,750 $12,260 830 955 670 230 1,300 During June, the company issued no additional stock but paid dividends of $1,738.

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