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ACC 290 Week 1 Discussion Question 1 For more course tutorials visit www. uophelp. com
Accounts receivable 4,000Accounts payable
500
Service revenue
7,500Supplies expense
1,000
Supplies
2,400Maintenance and repairs expense
600
Advertising expense
400Utilities expense
300
Equipment
26,000Salaries and wages expense
1,400
Common stock
22,100
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.
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ACC 290 Week 1 Discussion Question 1 For more course tutorials visit www. uophelp. com

ACC 290 Week One- DQ # 1
What are the four basic financial statements? What is the primary purpose of each of the four basic financial statements? In your opinion, which financial statement is the most important? Explain why. How would the financial statements be useful to managers and employees? How would the financial statements be useful to investors and creditors?