After its first month of operation the following amounts, Accounting Basics

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After its first month of operation the following amounts

After its first month of operation, the following amounts weretaken from the accounting records of Sandcastle Realty Inc. as ofJune 30, 2009.

CapitalStock $18,000 NotesPayable $54,000

Cash 38,000 RentExpense 10,800

Dividends 7,200 Retainedearnings 0

Interestexpense 3,600 Salariesexpense 16,200

Land 66,600 Sales commission 89,100

Miscellaneousexpense 4,500 Utilitiesexpense 13,500

Prepare an income statement for the month ending June 30,2009.

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Accounting Basics: After its first month of operation the following amounts

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Accounting Basics: After its first month of operation the following amounts

Reference No:- TGS0596722

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Recent Questions Asked Accounting Basics

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Accounting Basics: After its first month of operation the following amounts

Reference No:- TGS0596722

Recent Questions Asked Accounting Basics

Q : Supposing that all other factors remain unchanged determine

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