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Business

Problem 1-3A Hightower Service Co, was started with an initial investment in the company of $22,100 cash. Here are the assest, liabilities, and common stock of the company at June 30, and the revenues and expenses for the month of June, its first month of operation
Cash $4,600
Acct rec 4,000
service rev 7,500
supplies 2,400
advertising ex 400
Equipment 26,000
Common Stock 22,100
Notes pay 12,000
Acct payable 500
Supplies expense 1,000
Maintenance and repairs expense 600
utilities exp 300
salaries and wages expense 1,400

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