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I started to fill it out but wasn't sure if I was doing it right. Please check my work done so far and help me
I started to fill it out but wasn't sure if I was doing it right. Please check my work done so far and help me fill out the rest.
On June 1, Cindy godfrey started Divine Designs Co., a company that provides craft opportunities, by investing S12,000 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 2 Cash Accounts Receivable Supplies Equipment Notes Payable Accounts Payable $ 10,150 2,800 2,000 10,000 9,000 1,200 Service Revenue Advertising Expense Rent Expense Gasoline Expense Utilities Expense S 6,500 500 1,600 200 150 4 7 8 10 Cindy made no additional investment in June but withdrew S1,300 in cash for personal use during the month. 12 Instructions (a) Prepare and income statement and owner's equity statement for the month of June and a balance sheet at June 30, 2017 13 14 (b) Prepare an income statement and owner's equity statement for June assuming the following data are not included above: 15 16 (1) S900 of services were performed and billed but not collected at June 30 17 2) S150 of gasoline expense was incurred but not paid. 18
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