Acc121 Survey of Accounting: E2-17 After its first month of operation (Sandcastle Realty)

Acc121 Survey of Accounting
E2-17 Income Statement
After its first month of operation, the following amounts were taken from the accounting records of Sandcastle Realty Inc. as of June 30,2009
Capital Stock $18,000
cash 38,700
Dividends 7,200
Interest expense 3,600
Land 66,600
Miscellaneous expense 4,500
Notes payable $54,000
Rent expense 10,800
Retained earnings 0
salaries expense 16,200
sales commissions 89,100
utilities expense 13,500

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