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Question: problem 2 angelic cosmeties co ltd a company that provides...

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Problem 2 Angelic Cosmeties Co. Ltd. A company that provides individual skin care treatment, was started on June 1, 2017, with an investment of 25,000 cash. Following are the assets and liabilities of the company on June 30 and the revenues and expenses for the month of June: Cash Accounts Receivable $4,000 Service Revenue $5,500 Supplies Advertising Expense $500 Equipment Shareholders made no additional investments in June. The company paid a cash dividend of $900 during the month. In addition to the above information, assume that: $10,000 $13,000 Notes Payable Accounts Payable 1,700 Rent Expense Gasoline Expense $600 Utilities Expense $400 $1,800 $2,000 $25,000 $800 worth of services were performed and billed but not collected at June 30. 2. 1. $100 of gasoline expense was incurred but not paid. Instructions: 1. Prepare an Income Statement, and a Retained Earnings Statement for the month of June 2. Prepare a Statement of Financial Position on June 30, 2017.
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