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dtrinh_Week_1_HW - FixItUp Services Co Income Statement For...

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Fix-It-Up Services Co. B) The company did pretty decent for  Income Statement For The Month Ended June 30, 2007 Revenues  $8,000.00  Expenses Advertising expense  $400.00  Supplies expense  $1,000.00  Gas and oil expense  $600.00  Utilities expense  $300.00  Wage expense  $1,400.00  Total Expenses  $3,700.00  Net income  $4,300.00  Fix-It-Up Services Co. Retained Earnings Statement For The Month Ended June 30, 2007 Net income  $4,300.00  Dividends  $2,000.00  Retained Earnings, June 30, 2007  $2,300.00  Fix-It-Up Services Co. Balance Sheet June 30, 2007 Assets Cash  $4,600.00  Accounts Receivable  $4,000.00  Equipment  $2,400.00  Supplies  $32,000.00  Total Assets  $43,000.00  Liabilities Notes Payable  $14,000.00  Accounts Payable  $500.00  Total Liabilities  $14,500.00  Stockholders' Equity Common Stock  $26,200.00  Retained Earnings  $2,300.00  Total Stockholders' Equity  $28,500.00  Total Liabilities and Stockholders' Equity  $43,000.00 
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 the first month the Assests and Liabilities and Stockholders Equity Matches.
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Linus Corporation
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