Supplies |
2,400 |
Maintenance and repairs |
|
|
expense |
600
Advertising expense
400 Utilities expense 300
Equipment 26,00 Salaries and wages expense 1,400
0
Common stock 22,10 0
In June , the company issues no additional stock but paid dividends of $ 1,400 .
Prepare an income statement retained earnings statement and balance sheet analyzing your findings using the questions below in a total of 1050 words :
● Briefly address whether the company ’ s first month of operations was a success .
● Discuss the company ’ s decision to distribute a dividend .
Use the Excel ® spreadsheet to show your work and submit it with your analysis .
Click the Assignment Files tab to submit your assignment .
Purpose of Assignment