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 $11,000 Service Revenue $6,400 Accounts Receivable 3,200 Advertising Expense 500 Supplies 2,200 Rent Expense 1,400 Equipment 11,000 Gasoline Expense 240 Notes Payable 8,800 Utilities Expense 190 Accounts Payable 1,400

Dorothy made no additional investment in June but withdrew $1,400 in cash for personal use during the month.

Prepare an owners equity statement for June assuming the following data are not included above: (1) $950 of revenue was earned and billed but not collected at June 30, and (2) $200 of gasoline expense was incurred but not paid. (List items that increase owner's equity first.)

Last 3 are wrong and need fixing, the ones in gray with an "x".

Your answer is partially correct. Try again. Prepare an owner's equity statement for June assuming the following data are not included above: (1) $950 of revenue was earned and billed but not collected at June 30, and (2) $200 of gasoline expense was incurred but not paid. (List items that increase owner's equity first.) SANDHILL DESIGNS CO. Owner's Equity Statement For the Month Ended June 30, 2020 Owner's Capital, June 1 Add Investments 14530 Net Income / (Loss) 4820 19350 19350 X Less Drawings Owner's Capital, June 30 Click if you would like to Show Work for this question: Open Show Work