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Current Attempt in Progress On June 1, 2022, Ivanhoe Company was started with an initial investment in the company of $18,040 cash. Here are
Current Attempt in Progress On June 1, 2022, Ivanhoe Company was started with an initial investment in the company of $18,040 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 $5,270 Notes payable Accounts receivable 4,190 Accounts payable Service revenue 8,200 Supplies expense $13,340 690 990 Supplies 2,467 Maintenance and repairs expense 610 Advertising expense 400 Utilities expense 290 Equipment 23,300 Salaries and wages expense 1,400 Common stock 18,040 During June, the company issued no additional stock but paid dividends of $1,353. Prepare a retained earnings statement for the month of June. (List Items that increase retained earnings first.) IVANHOE COMPANY Retained Earnings Statement June 30, 2022 eTextbook and Media Prepare a balance sheet at June 30, 2022. (List assets in order of liquidity.) IVANHOE COMPANY Balance Sheet June 30, 2022 Assets Liabilities and Stockholders' Equity 3 eTextbook and Media 3 Liabilities and Stockholders' Equity W
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