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Business
Accounting
Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock 3,840 7,200 2,304 384 24,960 21,216 Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense During June, the company issued no additional stock but paid dividends of $1,344. 480 960 576 288 1,344

Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock 3,840 7,200 2,304 384 24,960 21,216 Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense During June, the company issued no additional stock but paid dividends of $1,344. 480 960 576 288 1,344

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock 3,840 7,200 2,304 384 24,960 21,216 Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense During June, the company issued no additional stock but paid dividends of $1,344. 480 960 576 288 1,344
Transcribed Image Text:Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock 3,840 7,200 2,304 384 24,960 21,216 Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense During June, the company issued no additional stock but paid dividends of $1,344. 480 960 576 288 1,344
On June 1, 2022, Metlock, Inc. was started with an initial investment in the company of $21,216 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 $4,416 3,840 7,200 2,304 384 24,960 21,216 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $11,520 480 960 576 288 1,344
Transcribed Image Text:On June 1, 2022, Metlock, Inc. was started with an initial investment in the company of $21,216 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 $4,416 3,840 7,200 2,304 384 24,960 21,216 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $11,520 480 960 576 288 1,344
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