Current Attempt in Progress Dorothy Taylor operates a water park called Sandhill Ltd. Her busiest months are April through September, although, if the weather holds, she extends park access into Octob1 answer

     

Problem 1-03A a1-a3,b1-b2 On June 1, Dorothy Taylor started Sandhill Designs Co., a company that provides craft opportunities, by investing $14,530 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 Accounts Receivable Supplies Equipment Notes Payable Accounts Payable Advertising Expense $11,000 Service Revenue 3,200 2,200 Rent Expense 11,000 Gasoline Expense 8,800 1,400 Utilities Expense $6,400 500 1,400 240 190 Dorothy made no additional investment in June but withdrew $1,400 in cash for personal use during the month. Your answer is correct. Prepare an income statement for the month of June. SANDHILL DESIGNS CO. Income Statement For the Month Ended June 30, 2020 Revenues Service Revenue Expenses Advertising Expense 500 Utilities Expense 190 Gasoline Expense 240 Rent Expense 1400 Total Expenses Net Income (Loss) 6400 2330 4070 Activate Windows Go to Settings to activate Windows.