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Question 3 of 10 Current Attempt in Progress On June 1, 2025, Pharoah Service Co. was started with an initial investment in the company of
Question 3 of 10 Current Attempt in Progress On June 1, 2025, Pharoah Service Co. was started with an initial investment in the company of $21,250 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: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock $ 5,600 4,400 8,500 2,342 400 26,800 21,250 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $14,000 900 1,125 During June, the company issued no additional stock but paid dividends of $1,683. 690 210 1,400 -/1
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