Business, 23.09.2020 06:01 shinyelish6

On June 1, 2022, Cullumber Company 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, 2022, 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 7,900 Supplies expense 955
Supplies 2,387 Maintenance and repairs expense 670
Advertising expense 400 Utilities expense 230
Equipment 24,000 Salaries and wages expense 1,300
Common stock 19,750
During June, the company issued no additional stock but paid dividends of $1,738.

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On June 1, 2022, Cullumber Company was started with an initial investment in the company of $19,750...