On June 1, 2022, Oriole Company was started with an initial investment in the company of...

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On June 1, 2022, Oriole Company was started with an initial investment in the company of $23,100 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 $5,510 Notes payable $13,820 Accounts receivable 4,300 Accounts payable 800 Service revenue 8,400 Supplies expense 1,080. Supplies 2,413 Maintenance and repairs expense 610 Advertising expense 400 Utilities expense 290 Equipment 28,500 Salaries and wages expense 1,400 Common stock 23,100 Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) ORIOLE COMPANY Retained Earnings Statement On June 1, 2022, Oriole Company was started with an initial investment in the company of $23,100 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 $5,510 Notes payable $13,820 Accounts receivable 4,300 Accounts payable 800 Service revenue 8,400 Supplies expense 1,080. Supplies 2,413 Maintenance and repairs expense 610 Advertising expense 400 Utilities expense 290 Equipment 28,500 Salaries and wages expense 1,400 Common stock 23,100 Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) ORIOLE COMPANY Retained Earnings Statement