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On June 1, Betty Harris started Cullumber Designs Co., a company that provides craft opportunities, by investing $12,450 cash in the business. Following are the
On June 1, Betty Harris started Cullumber Designs Co., a company that provides craft opportunities, by investing $12,450 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. Betty made no additional investment in June but withdrew $1,300 in cash for personal use during the month. (a1) Prepare an income statement for the month of June. CULLUMBER DESIGNS CO. Income Statement $ $
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