ease see the info below. They are all part of the same question. I need this asap please and thank you. It requires an income statment for the month of june, a retained earnings statement for the month of june, and a balance sheet for June 30, 2017. Please include the correct terminology. On June 1, 2017, Swifty Corporation was started with an initial investment in the company of $22,350 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations: Cash $ 5,070 Notes payable $12,940 Accounts receivable 4,150 Accounts payable 650 Service revenue 7,970 Supplies expense 1,100 Supplies 2,300 Maintenanc
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Please see the info below. They are all part of the same question. I need this asap please and thank you. It requires an income statment for the month of june, a
On June 1, 2017, Swifty Corporation was started with an initial investment in the company of $22,350 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations:
|
Cash
|
$ 5,070 |
Notes payable
|
$12,940 | |||
|---|---|---|---|---|---|---|
|
Accounts receivable
|
4,150 |
Accounts payable
|
650 | |||
|
Service revenue
|
7,970 |
Supplies expense
|
1,100 | |||
|
Supplies
|
2,300 |
Maintenance and repairs expense
|
700 | |||
|
Advertising expense
|
400 |
Utilities expense
|
200 | |||
|
Equipment
|
26,470 |
Salaries and wages expense
|
1,870 | |||
|
Common stock
|
22,350 |
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