uop acc 290 new,uop acc 290 new,uop acc 290 new complete course,uop a UOP ACC 290 Week 1 Assignment Preparing an Income | Page 2

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 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.