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P1-3A 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
P1-3A 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. Instructions (a) Prepare an income statement and owner's equity statement for the month of Ju
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