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Question 1 of 1 View Policies Show Attempt History Current Attempt in Progress On June 1, 2022. Sandhill Co. was started with an initial investment
Question 1 of 1 View Policies Show Attempt History Current Attempt in Progress On June 1, 2022. Sandhill Co. was started with an initial investment in the company of $21,175 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 $12 300 750 965 Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $4.750 4.250 7,700 2.366 400 25,400 21.175 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense 270 1 200 During June, the company issued no additional stock but paid dividends of $1.694 la1) Your Answer Correct Answer (Used) nartially TSS (a2) Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) SANDHILL CO. Retained Earnings Statement 4 > $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer 96 6 8
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