View Policies Current Attempt in Progress On June 1, 2017 Sheffield Corp. was started with an initial investment in the company of $22,400 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 $ 5,510 Notes payable $13,820 Accounts receivable 4,300 Accounts payable 800 Service revenue 8,410 Supplies expense 1,010 Supplies 2,390 Maintenance and repairs expense 610 Advertising expense 400 Utilities expense 290 Equipment 26,910 Salaries and wages expense 2,310 Common stock 22,400 In June, the company issued no additional stock but paid dividends of $1,700. Prepare a balance sheet at June 30, 2017. (List assets in order of liquidity.) Sheffield Corp. Balance Sheet Assets $ Liabilities and Stockholders' Equity $ List of Accounts Prepare an income statement for the month June. Sheffield Corp. Income Statement $ List of Accounts