How would you complete the income statement for the month

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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?

Reference no: EM132623920

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