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 Wildhorse Co

Finance

 Wildhorse Co. was started with an initial investment in the company of $22,310 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 $ 5,600 Notes payable $14,000 Accounts receivable 4,400 Accounts payable 900 Service revenue 8,500 Supplies expense 1,090 Supplies 2,310 Maintenance and repairs expense 690 Advertising expense 400 Utilities expense 210 Equipment 27,000 Salaries and wages expense 2,400 Common stock 22,310 In June, the company issued no additional stock but paid dividends of $1,610. Prepare an income statement for the month of June. Wildhorse Co. Income Statement $ $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) Wildhorse Co. Retained Earnings Statement $ : : $ SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare a balance sheet at June 30, 2017. (List assets in order of liquidity.) Wildhorse Co. Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ $ $ Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT

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