Reference no: EM132623920
Question - On June 1, 2022, Skysong, Inc. was started with an initial investment in the company of $19,148 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations:
Cash $4,048
Notes payable $10,560
Accounts receivable 3,520
Accounts payable 440
Service revenue 6,900
Supplies expense 880
Supplies 2,112
Maintenance and repairs expense 528
Advertising expense 352
Utilities expense 264
Equipment 22,880
Salaries and wages expense 1,232
Common stock 19,148
During June, the company issued no additional stock but paid dividends of $1,232.
Required - How would you complete the income statement for the month of June?
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