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On June 1, Susan Wilson started Sunland Designs Co, a company that provides craft opportumites, by investing $13,110 cash in the business. Following are the
On June 1, Susan Wilson started Sunland Designs Co, a company that provides craft opportumites, by investing $13,110 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 Accounts Receivable Supplies Equipment Notes Payable Accounts Payable $10,000 Service Revenue 3,300 Advertising Expense 2,300 Rent Expense 10,000 Gasoline Expense 8,600 Utilities Expense 1,400 $6.300 400 1,600 230 180 Susan made no additional investment in June but withdrew $ 1,400 in cash for personal use during the month
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