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On June 1, 2017, Marigold Corp. was started with an initial investment in the company of $22,460 cash. Here are the assets, liabilities, and common
On June 1, 2017, Marigold Corp. was started with an initial investment in the company of $22,460 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations: Cash $ 4,730 Notes payable $12,260 Accounts receivable 4,330 Accounts payable 830 Service revenue 7,630 Supplies expense 1,070 Supplies 2,330 Maintenance and repairs expense 670 Advertising expense 400 Utilities expense 230 Equipment 26,130 Salaries and wages expense 1,530 Common stock 22,460 In June, the company issued no additional stock but paid dividends of $1,760. Prepare an income statement for the month of June. Marigold Corp. Income Statement tA List of Accounts Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) Marigold Corp. Retained Earnings Statement List of Accounts Prepare a balance sheet at June 30, 2017. (List assets in order of liquidity.) Marigold Corp. Balance Sheet Assets Liabilities and Stockholders' Equity
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