Ask Experts Questions for FREE Help !
Ask
    shassan9094's Avatar
    shassan9094 Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 10, 2011, 10:48 AM
    Ans this
    On June 1 Eckersley Service Company was started with an investment of $26,200 cash. Here are the assets and liabilities of the company on June 30, and the revenues and expenses for the month of June, its first month of operations.


    Cash $4,600 Notes payable $12,000
    Accounts receivable 4,000 Accounts payable 500
    Revenue 7,000 Supplies expense 1,000
    Supplies 2,400 Gas & oil expense 600
    Advertising expense 400 Utilities expense 300
    Equipment 29,000 Wage expense 1,400

    In June, the company issued no additional common stock, but paid dividends of $2,000.

    Complete an income statement and a retained earnings statement for the month of June and a balance sheet at June 30, 2010. (List expenses from largest to smallest amount, e.g. 10, 5, 2. List assets in order of liquidity and liabilities from largest to smallest amount, e.g. 10, 5, 2 with notes payable first.)
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
    Jobs & Parenting Expert
     
    #2

    Feb 10, 2011, 10:50 AM

    We don't do homework -- site rules.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Uti ans azoospermic [ 2 Answers ]

I have uti and my sperm count is negligible as per semen analysis could u tell me the chances of me becoming a father without any operation or surgery

Sir can you ans me here? [ 1 Answers ]

Sir can you ans me Here?

Please give me my ans as earliy as possible [ 3 Answers ]

IS accounting 2years course remove from new rules in 2010. I want to know peoples who are doing accounting 2 years can apply for PR under new rules.

Dating ans still married [ 8 Answers ]

My friends wife left him but then decided she wanted him back. He had already started seeing someone after she left. She is now trying to kill herself and threatening the girlfriend. He says that he loves the new girlfriend. Should he keep seeing the girlfriend or wait till the divorce to start...


View more questions Search