On June 1, 2017, Waterway Industries was started with an initial investment in the company of $22,270 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the...










On June 1, 2017, Waterway Industries was started with an initial investment in the company of $22,270 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations:





































































Cash$ 5,500Notes payable$13,800
Accounts receivable4,490Accounts payable990
Service revenue8,400Supplies expense1,060
Supplies2,340Maintenance and repairs expense660
Advertising expense400Utilities expense240
Equipment26,900Salaries and wages expense2,300
Common stock22,270




In June, the company issued no additional stock but paid dividends of $1,570.





I need help turning this into a monthly income statement.



Jun 01, 2022
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