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On June 1 , ?Susan Wilson started Sunland Designs Co . , ?a company that provides craft opportunities, by investing $ 1 3 , 1

On June 1, ?Susan Wilson started Sunland Designs Co., ?a company that provides craft opportunities, by investing $13,110 ?cash 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 $10,000

Accounts Receivable 3,300

Supplies 2300

Equipment 10,000

Notes Payable 8,600

Accounts Payable 1,400

Service Revenue $6,300

Advertising Expense 400

Rent Expense 1,600

Gasoline Expense 230

Utilities Expense 180


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Cash Accounts Receivable Supplies Equipment Total Assets Liabilities Notes Payable Accounts Payable Total Liabilities Owner's Equity SUNLAND DESIGNS CO. Balance Sheet For the Month Ended June 30, 2022 Assets Liabilities and Owner's Equity LA $ 10000 3300 2300 10000 $ 25600 1A $ $ 8600 1400

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