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P1-3C On June 1, Laurie Shaw started Fancy Cosmetics Co., a company that provides individual skin care treatment, by investing $26,200 cash in the business.

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P1-3C On June 1, Laurie Shaw started Fancy Cosmetics Co., a company that provides individual skin care treatment, by investing $26,200 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 Notes Payable $13,000 Accounts Receivable 4,000 Accounts Payable 1,200 Service Revenue 6,000 Supplies Expense 1,600 Supplies 2,000 Gasoline Expense 800 Advertising Expense 500 Utilities Expense 300 Equipment 25,000 Laurie Shaw made no additional investment in June, but withdrew $1,200 in cash for personal use during the month. Instructions (a) Prepare an income statement and owner's equity statement for the month of June and a balance sheet at June 30, 2017 (b) Prepare an income statement and owner's equity statement for June assuming the following data are not included above: (1) $800 of revenue was earned and billed but not collected at June 30, and (2) $100 of gasoline expense was incurred but not paid

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