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