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Problem 1-03A al-a3,b1-b2 (Part Level Submission) On June 1, Barbara Jones started Ivanhoe Designs Co., a company that provides craft opportunities, by investing $12,050 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. Cash $10,000 Service Revenue $7, 100 Accounts Receivable 3,400 Advertising Expense 600 Supplies 1,800 Rent Expense 1,300 Equipment 10,000 Gasoline Expense 250 Notes Payable 8,900 Utilities Expense 200 Accounts Payable 1,000 Barbara made no additional investment in June but withdrew $1,500 in cash for personal use during the month