Prepare an income statement for the month ending

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Reference no: EM13258006

After its first month of operation, the following amounts weretaken from the accounting records of Sandcastle Realty Inc. as ofJune 30, 2009.

CapitalStock $18,000 NotesPayable $54,000

Cash 38,000 RentExpense 10,800

Dividends 7,200 Retainedearnings 0

Interestexpense 3,600 Salariesexpense 16,200

Land 66,600 Sales commission 89,100

Miscellaneousexpense 4,500 Utilitiesexpense 13,500

Prepare an income statement for the month ending June 30,2009.

Reference no: EM13258006

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