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On June 1,2025 , Blossom Service Co. was started with an initial investment in the company of $20,000 cash. Here are the assets, liabilities, and

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On June 1,2025 , Blossom Service Co. was started with an initial investment in the company of $20,000 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 $1,140. BLOSSOM SERVICE CO. Income Statement For the Month Ended June 30, 2025 Revenues Service Revenue $7,600 Expenses Advertising Expense Supplies Expense $ 400 Maintenance and Repairs Expense Utifities Expense Salaries and Wages Expense 1500 Total Expenses Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) BLOSSOM SERVICE CO. Balance Sheet Assets $ I Liabilities and Stockholders' Equity $

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