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On June 1, 2022, Sheridan Company was started with an initial investment in the company of $19,250 cash. Here are the assets, liabilities, and common

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On June 1, 2022, Sheridan Company was started with an initial investment in the company of $19,250 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: $4,830 $12.460 7.700 2.300 Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense 920 700 200 1.630 19.250 During June. the company issued no additional stock but paid dividends of $1.155. SHERIDAN COMPANY Balance Sheet June 30, 2022 Assets Liabilities and Stockholders' Equity $

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