Misty - earnings statement for the month ended June 30,...

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Misty operates a beauty salon for which she formed a corporation. She rents a booth and the salon owner supplies all of the equipment. She started her business on June 1, 2010. The following is a list of the income statement account balances as of June 30, 2010: Booth rental Expense 750 Salary Expense 3500 Service Revenue 6500 Supplies Expense 790 Prepare an income statement for the month ended June 30, 2010: The corporation paid her 250 in dividends during the month of June. Prepare a Retained
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Unformatted text preview: earnings statement for the month ended June 30, 2010 She began her business on June 1 by investing $5,000 in capital stock. The following is a list of balance sheet account balances as of June 30, 2010: Accounts Payable 380 Accounts Receivable 500 Capital Stock 5000 Cash 2320 Retained Earnings 1210 Supplies 3770 Prepare a balance sheet as of June 30, 2010...
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This note was uploaded on 02/15/2012 for the course GERM 200 taught by Professor Kuhmar during the Spring '10 term at SUNY Albany.

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