Resources:Financial Accounting: Tools for Business Decision Makingp. 36
Scenario:On June 1 2017 Elite Service Co. was started with an initial investment in the company of $22100 cash. Below are the assets liabilities and common stock of the company June 30 2017 and the revenues and expenses for the month of June its first month of operations:
In June the company issues no additional stock but paid dividends of $1400.
Preparean income statement retained earnings statement and balance sheet analyzing your findings using the questions below in a total of 700-1000 words:
Usethe Excelspreadsheet to show your work andsubmitwith your analysis. There are two documents to be submitted (Excel spreadsheet showing the financial statements and analysis on Word document).
income statement 4
March 18th, 2019 admin