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On June 1, 2025, Sheridan Service Co. was started with an initial investment in the company of \( ...
On June 1, 2025, Sheridan Service Co. was started with an initial investment in the company of \( \$ 25,200 \) 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: During June, the company issued no additional stock but paid dividends of \( \$ 1,512 \).
Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.)