Question
Problem 1-03A a1-a3,b1-b2 On June 1, Margaret Moore started Carla Vista Designs Co., a company that provides craft opportunities, by investing $13,750cash in the business.
Problem 1-03A a1-a3,b1-b2
On June 1, Margaret Moore started Carla Vista Designs Co., a company that provides craft opportunities, by investing $13,750cash 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$10,000Service Revenue$6,100Accounts Receivable2,800Advertising Expense600Supplies2,000Rent Expense1,400Equipment11,000Gasoline Expense200Notes Payable8,600Utilities Expense150Accounts Payable1,100
Margaret made no additional investment in June but withdrew $1,400in cash for personal use during the month. Please provide owners equity statement, income statement using the info provided
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