How do you write a 1,050 word report using this Scenario: On June 1, 2017, Elite Service Co. was started with an initial investment in the company of $22,100 cash. Below are the assets, liabilities, and common stock of the company June 30, 2017, and the revenues and expenses for the month of June, its first month of operations:
|
Cash
|
$ 4,600
|
Notes payable
|
$12,000
|
|
Accounts receivable
|
4,000
|
Accounts payable
|
500
|
|
Service revenue
|
7,500
|
Supplies expense
|
1,000
|
|
Supplies
|
2,400
|
Maintenance and repairs expense
|
600
|
|
Advertising expense
|
400
|
Utilities expense
|
300
|
|
Equipment
|
26,000
|
Salaries and wages expense
|
1,400
|
|
Common stock
|
22,100
|
|