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drawing expenses net income/ loss Owner captial june 1 or june 30 revenues total expenses total revenues investment

be specific because there are options such as long term investment, current assets or non current etc On June 1, Dorothy Taylor started Sandhill Designs Co., a company that provides craft opportunities, by investing $14,530 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 Service Revenue $6,400 Accounts Receivable 3,200 Advertising Expense 500 Supplies 2,200 Rent Expense 1,400 Equipment 11,000 Gasoline Expense 240 Notes Payable 8,800 Utilities Expense 190 Accounts Payable 1,400.

Can you see the red i underlined if its correct or not

SANDHILL DESIGNS CO. Balance Sheet June 30, 2020 Assets Cash 11000 Ut Accounts Receivable 3200 Supplies 2200 Equipment 11000 Total Assets 27400 Liabilities and Owner's Equity Liabilities Notes Payable $ 8800 Accounts Payable 1400 Total Liabilities 10200 Owner's Equity Owner's Capital 17200 Total Liabilities and Owner's Equity 27400 Problem 1-03A al-a3,b1-b2 On June 1, Dorothy Taylor started Sandhill Designs Co., a company that provides craft opportunities, by investing $14,530 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 Service Revenue $6,400 Accounts Receivable 3,200 Advertising Expense 500 Supplies 2.200 Rent Expense 1,400 Equipment 11.000 Gasoline Expense 240 Notes Payable 8.800 Utilities Expense 190 Accounts Payable 1,400 Dorothy made no additional investment in June but withdrew $1,400 in cash for personal use during the month. Prepare income statement for the month of June. SANDHILL DESIGNS CO. Income Statement SHOW LIST OF ACCOUNTS SHOW SOLUTION 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) $200 of gasoline expense was incurred but not paid. SANDHILL DESIGNS CO. Income Statement V SHOW LIST OF ACCOUNTS SHOW SOLUTION 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) $200 of gasoline expense was incurred but not paid. (List items that increase owner's equity first.) SANDHILL DESIGNS CO. Owner's Equity Statement $ 5 Prepare a balance sheet at June 30, 2020. (List Assets in order of liquidity.) SANDHILL DESIGNS CO. Balance Sheet Assets Liabilities and Owner's Equity 5 SHOW LIST OF ACCOUNTS SHOW SOLUTION Prepare an owner's equity statement for the month of June. (List items that increase owner's equity first.) SANDHILL DESIGNS CO. Owner's Equity Statement SHOW LIST OF ACCOUNTS SHOW SOLUTION