and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of $23,884 cash. Here are the assets, liabilities, operations: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $4,784 4,160 6,900 2,496 416 27,040 23,884 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $12,480 520 1,040 624 312 1,456

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.11E
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Prepare the income statement Thanku 

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On June 1, 2022, Bramble Corp. was started with an initial investment in the company of $23,884 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
$4,784
4,160
6,900
2,496
416
27,040
23,884
Notes payable
Accounts payable
Supplies expense
Maintenance and repairs expense
Utilities expense
Salaries and wages expense
$12,480
520
During June, the company issued no additional stock but paid dividends of $1,456.
1,040
624
312
1,456
Transcribed Image Text:Current Attempt in Progress On June 1, 2022, Bramble Corp. was started with an initial investment in the company of $23,884 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 $4,784 4,160 6,900 2,496 416 27,040 23,884 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $12,480 520 During June, the company issued no additional stock but paid dividends of $1,456. 1,040 624 312 1,456
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