On June 1, 2025, Oriole Service Co. was started with an initial investment in the company of $31,500 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 $5,470 4,280 8,400 2,398 400 37,400 31,500 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $13,740 780 860 670 230 1,200

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On June 1, 2025, Oriole Service Co. was started with an initial investment in the company of $31,500 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.
$5,470
4,280
8,400
2,398
400
37,400
31.500
Notes payable
Accounts payable
Supplies expense
Maintenance and repairs expense
Utilities expense
Salaries and wages expense
$13,740
780
860
670
230
1,200
Transcribed Image Text:On June 1, 2025, Oriole Service Co. was started with an initial investment in the company of $31,500 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. $5,470 4,280 8,400 2,398 400 37,400 31.500 Notes payable Accounts payable Supplies expense Maintenance and repairs expense Utilities expense Salaries and wages expense $13,740 780 860 670 230 1,200
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