• Prepare an income statement for the month of June.
• Prepare an owner's equity statement for the month of June. (List items that increase owner's equity first.)
• Prepare a balance sheet at June 30, 2020. (List Assets in order of liquidity.)
• Prepare an income statement for June assuming the following data are not included above: (1) $950 of services were performed and billed but not collected at June 30, and (2) $100 of gasoline expense was incurred but not paid.
• 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) $100 of gasoline expense was incurred but not paid. (List items that increase owner's equity first.)

On June 1, Sarah Allen started Blossom Designs Co., a company that provides craft opportunities, by investing $13,190 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 $6,100 400 Accounts Receivable 1,400 $11,000 Service Revenue 3,400 Advertising Expense 1,700 Rent Expense 10,000 Gasoline Expense 9,300 Utilities Expense 1,000 Supplies Equipment Notes Payable Accounts Payable 220 170 Sarah made no additional investment in June but withdrew $1,300 in cash for personal use during the month