On June 1, 2017, Swifty Corporation was started with an initial investment in the company of $22,350 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 $ 5,070 Notes payable $12,940

Accounts receivable 4,150 Accounts payable 650

Service revenue 7,970 Supplies expense 1,100

Supplies 2,300 Maintenance and repairs expense 700

Advertising expense 400 Utilities expense 200

Equipment 26,470 Salaries and wages expense 1,870

Common stock 22,350

In June, the company issued no additional stock but paid dividends of $1,650.