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On June 1, 2017, Concord Corporation was started with an initial investment in the company of $22,370 cash. Here are the assets, liabilities, and common

On June 1, 2017, Concord Corporation was started with an initial investment in the company of $22,370 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations: Cash $5,270 Notes payable $13,340 Accounts receivable 4,190 Accounts payable 690 Service revenue 8,170 Supplies expense 1,010 Supplies 2,390 Maintenance and repairs expense 610 Advertising expense 400 Utilities expense 290 Equipment 26,670 Salaries and wages expense 2,070 Common stock 22,370 In June, the company issued no additional stock but paid dividends of $1,670. Question 2 of 4 < > Concord Corporation Income Statement -/20 Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) Concord Corporation Retained Earnings Statement Question 2 of 4 < > Prepare a balance sheet at June 30, 2017. (List assets in order of liquidity) Concord Corporation Balance Sheet Assets -/20 Liabilities and Stockholders' Equity

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