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

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

Cash $4840

Accounts Receivable 4270Notes Payable$12480

Service Revenue7700Accounts Payable770

Supplies2462Supplies Expense780

Advertising Expense400Repairs expense610

Equipment23700Utilities Expense290

Common Stock19250 Salaries Expense1000

During June, the company issued no additional stock but paid dividends of $1848. Draw up the income statement.

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