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Business, 29.11.2020 14:20 smithsa10630

On June 1, 2017, Windsor, Inc. was started with an initial investment in the company of $22,420 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 $ 4,830Notes payable $12,460Accounts receivable 4,470Accounts payable 970Service revenue 7,730Supplies expense 1,100Supplies 2,300Maintenance andrepairs expense 700Advertising expense 400Utilities expense 200Equipment 26,230Salaries andwages expense 1,630Common stock 22,420In June, the company issued no additional stock but paid dividends of $1,720.

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On June 1, 2017, Windsor, Inc. was started with an initial investment in the company of $22,420 cash...

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