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On June 1, 2025, Cullumber Service Co. was started with an initial investment in the company of $19,750 cash. Here are the assets, liabilities, and
On June 1, 2025, Cullumber Service Co. was started with an initial investment in the company of $19,750 cash. Here are the assets, liabilities, and common stock of the company at June 30,2025 , and the revenues and expenses for the month of June, its first month of operations: During June, the company issued no additional stock but paid dividends of $1,738. (a1) Prepare an income statement for the month of June. Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) CULLUMBER SERVICE CO. Balance Sheet Liabilities and Stockholders' Equity $ $
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