On June 1, Cindy Godfrey started Divine Designs Co., a company that provides cash opportunities by investing $12000 cash in the business. Following are the assets and liabilities of the company at June 30 and the revenues and expenses for the month of June
|Accounts Receivable||$2,800||Advertising Expense||$500|
|Notes Payable||$9,000||Utilities Expense||$150|
Cindy made no additional investment in June but withdrew $1,300 in cash for personal use during the month.
- Prepare an income statement and owner's equity statement for the month of June and a balance sheet at June 30, 2018
- Prepare an income statement and owner's equity statement for June assuming the following data are not included above: (1) $900 of services were performed and billed but not collected at June 30, and (2) $150 of gasoline expense was incurred but not paid.
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