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On June 1, 2022, Blossom Company was started with an initial investment in the company of $27,562 cash. Here are the assets, liabilities, and common

On June 1, 2022, Blossom Company was started with an initial investment in the company of $27,562 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations:

Cash

$ 5,612

Notes payable

$14,640

Accounts receivable

4,880

Accounts payable

610

Service revenue

8,550

Supplies expense

1,220

Supplies

2,928

Maintenance and repairs expense

732

Advertising expense

488

Utilities expense

366

Equipment

31,720

Salaries and wages expense

1,708

Common stock

27,562

During June, the company issued no additional stock but paid dividends of $1,708.

(a1)

Prepare an income statement for the month of June.

(a2)

The parts of this question must be completed in order. This part will be available when you complete the part above.

(a3)

The parts of this question must be completed in order. This part will be available when you complete the part above.

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