June 2022

Question 2 of 2 - /25 On June 1, Cindy Godfrey started Divine Designs Co., a company that provides craft opportunities, by investing $12,000 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. Cash $10,150 Service Revenue $6,500 Accounts Receivable 2,800 Advertising Expense 500 Supplies 2.000 Rent Expense 1,600 Equipment 10,000 Gasoline Expense 200 Notes Payable 9,000 Utilities Expense 150 Accounts Payable 1.200 Cindy made no additional investment in June but withdrew $1,300 in cash for personal use during the month. Question 2 of 2 -/25 Prepare an owner's equity statement for the month of June. (List items that increase owner's equity first.) DIVINE DESIGNS CO. Owner's Equity Statement $ w: $ $ Question 2 of 2 Prepare a balance sheet at June 30, 2022. (List Assets in order of liquidity.) DIVINE DESIGNS CO. Balance Sheet Assets $ Question 2 of 2 Liabilities and Owner's Equity $