With the info provided please provide an income statement, a retained earnings statement for the mont of June and a balance sheet at June 30, 2012
On June 1, beardsley service co was started with an initial investment of $22,100 here are the assets and liabilities of the co. at June 30, and the revenues and expenses for the month of June, the first month of operation.
Cash $4,600
Acct recievble 4,000
Service revenue 7,500
Supplies 2,400
Advertising expense 400
Equipment 26,000
Notes payable $12,000
Accts payable 500
Supplies expense 1,000
Maintenance and repairs expense 600
Utilites expense 300
Salaries and wages expense 1,400
