Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 5 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 5.00

assets and liabilities

initial investment in the company of $26,200 cash. Here are the assets and liabilities for the month of June, its first month of operation. Cash $4,600.00 Accounts receivable $4,000.00 Revenue $7,000.00 Supplies $2,400.00 Advertising expense $400.00 Equipment $29,000.00 Notes Payable $12,000.00 Accounts payable $500.00 Supplies expense $1,000.00 Gas and oil expense $600.00 Utilities expense $300.00 Wage expense $1,400.00 In June, the company issued no additional stock, but paid dividends of $2000. a. Prepare a income statement and a retained earnings for the month of June and a balance sheet at June 30, 2010. b. Briefly discuss whether the company's first month of operations was a success. c. Discuss the company's decision to distribute a dividend

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Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 12:08 AM My Price 5.00

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