subject
Business, 27.07.2021 23:20 bitty3970

On June 1, 2022, Pharoah Company was started with an initial investment in the company of $21,450 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $4890 Notes payable $12580
Accounts receivable 4460 Accounts payable 960
Service revenue 7800 Supplies expense 1110
Supplies 2314 Maintenance and repairs expense 680
Advertising expense 400 Utilities expense 220
Equipment 25,900 Salaries and wages expense 1100
Common stock 21450

During June, the company issued no additional stock but paid dividends of $1,716.
Required:
Calculate Income Statement, Statement of Retained Earnings, and Balance Sheet.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 19:10
The development price itself is such a huge barrier, it's just a very different business model than boeing's used to. our huge development programs are typically centered around commercial airplanes, military aircraft, where there is a lot of orders. and right now the foundation of the business is two bites a year.
Answers: 3
question
Business, 22.06.2019 07:00
Amarket that consists of all possible consumers regardless of their specific needs or wants is a
Answers: 1
question
Business, 22.06.2019 17:30
Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.
Answers: 3
question
Business, 22.06.2019 18:10
Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?
Answers: 1
You know the right answer?
On June 1, 2022, Pharoah Company was started with an initial investment in the company of $21,450 ca...
Questions
Questions on the website: 13722363