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On June 1, 2021, Heming Company began operations with an initial investment in the company of $19,250 cash. The assets, liabilities, and common stock of

On June 1, 2021, Heming Company began operations with an initial investment in the company of $19,250 cash. The assets, liabilities, and common stock of the company at June 30, 2021, and the revenues and expenses for the month of June, its first month of operations, are listed below:

Cash $ 4,840 Notes payable $12,480

Accounts receivable4,270 Accounts payable 770

Service revenue 7,700 Supplies expense 780

Supplies 2,462 Maintenance and repairs expense 610

Advertising expense 400 Utilities expense 290

Equipment 23,700 Salaries and wages expense1,000

Common stock 19,250

During June, the company issued no additional stock but paid dividends of $1,848.

Draw up a balance sheet at June 30, 2021.(List the assets in order of liquidity.)

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