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Calculate Income Statement, Statement of Retained Earnings, and Balance Sheet. On June 1, 2022, Pharoah Company was started with an initial investment in the company

Calculate Income Statement, Statement of Retained Earnings, and Balance Sheet.

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On June 1, 2022, Pharoah Company was started with an initial investment in the company of $21,450 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $ 4,890 4,460 7,800 2,314 400 25,900 21,450 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $12,580 960 1,110 680 220 1,100 During June, the company issued no additional stock but paid dividends of $1,716

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