Income Statement After its first month of operations, the following amounts were taken from the...
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Income Statement After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of June 30, 20Y9. Cash $82,000 Common stock 180,000 Dividends 2,100 Interest expense 800 > Land 210,000 Miscellaneous expense 4,100 Notes payable 95,000 Rent expense 14,000 Retained earnings 0 Salaries expense 105,000 Sales commissions 165,000 Utilities expense 22,000 Prepare an income statement for the month ended June 30, 20Y9. West Coast Dreams Realty Inc. Income Statement For the Month Ended June 30,20Y9 Line Item Description Amount Amount Revenues: ' $[:J Expenses: ' $ amass Total expenses D Net income $[:]
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