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On June 1, 2017, Coronado Industries was started with an initial investment in the company of $22,360 cash. Here are the assets, liabilities, and common

On June 1, 2017, Coronado Industries was started with an initial investment in the company of $22,360 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 $ 4,890 Notes payable $12,580
Accounts receivable 4,360 Accounts payable 860
Service revenue 7,790 Supplies expense 1,040
Supplies 2,360 Maintenance and repairs expense 640
Advertising expense 400 Utilities expense 260
Equipment 26,290 Salaries and wages expense 1,690
Common stock 22,360

In June, the company issued no additional stock but paid dividends of $1,660.

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(al) Prepare an income statement for the month of June. Coronado Industries Income Statement

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