no additional stock but paid dividends of $1,521.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 10 of 10
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Prepare an income statement for the month of June.
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CRANE SERVICE CO.
Income Statement
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Chapter 1 Homework
Question 10 of 10
Cash
1
!
Accounts receivable
Service revenue
0 Z
Supplies
Advertising expense
Equipment
Common stock
On June 1, 2025, Crane Service Co. was started with an initial investment in the company of $26,000 cash. Here are the a
liabilities, and common stock of the company at June 30, 2025, and the revenues and expenses for the month of June, its f
operations:
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$4,850
J
4,250
7,800
2,329
400
30,200
26,000
JAN
26
180
#
3
During June, the company issued no additional stock but paid dividends of $1,521.
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Notes payable
Accounts payable
Supplies expense
Maintenance and repairs expense
Utilities expense
Salaries and wages expense
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