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Blush Cosmetic Co., a company that provides individual skin care treatment, was started on June 1st with an investment of $22,000 cash. Following are the assets and liabilities of the company at June 30th and the revenues and expenses for the month of June. Cash: $ 8,000 Notes Payable: $13,000 Accounts Receivable: 4,000 Accounts Payable: 1,400 Service Revenue: 5,300 Rent Expenses: 1,200 Supplies: 1,300 Gasoline Expenses: 600 Advertising Expenses: 500 Utilities Expenses: 300 Equipment: 25,000 Stockholders made no additional investments in June. The company paid a cash dividend of $800 during the month. (INSTRUCTIONS) (A) Prepare an income statement and a retained earnings statement for the month of June and a balance sheet at June 30, 2015. (B) Prepare an income statement and a retained earnings statement for June assuming the following data are not included above : (1)$800 worth of services were performed and billed but not collected at June 30th, and (2)$100 of gasoline expense was incurred but not paid.
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