Question

Question 1 of 1 < > -/1 E View Policies Current Attempt in Progress On June 1, 2022, Carla Vista Co. was started with an initial investment in the company of $20,160 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 Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $5,450 4.270 8,400 2.438 400 26,000 20,160 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $13,700 770 960 650 250 1.100 During June, the company issued no additional stock but paid dividends of $1,512

Answer 1

$ 8,400 CARLA VISTA CO. INCOME STATEMENT Income Service revenue Expense supplies expense $ 960 Advertising expense $ 400 Maintenance expense $ 650 Utilities expense $ 250 Salarties and wages expense $ 1,100 Total expenses Net Income $ 3,360 $ 5,040