ACCT290

Resources: Financial Accounting: Tools for Business Firmness Making, p. 36 Scenario: On June 1, 2017, Elite Service Co. was agoing after a while an judicious boarding in the audience of $22,100 money. Under are the property, liabilities, and sordid supply of the audience June 30, 2017, and the fruitss and expenditures for the month of June, its primitive month of operations:  Cash.     $ 4,600 Notes payable.  $12,000 Accounts receivable.  4,000 Accounts payable. 500 Service fruits.  7,500 Supplies expenditure. 1,000 Supplies. 2,400 Maintenance and repairs expenditure.  600 Advertising expenditure.  400 Utilities expenditure.  300 Equipme. 26,000 Salaries and allowance expenditure. 1,400 Common supply. 22,100 In June, the audience issues no affixed supply but hired dividends of $1,400.  Prepare an proceeds announcement, retained rights announcement, and counteract shuffle analyzing your findings using the questions under, in a aggregate of 1,050 words: Briefly discourse whether the audience's primitive month of operations was a victory. Discuss the audience's firmness to divorce a dividend. Use the Excel® spreadshuffle to exhibition your product and refer it after a while your analysis