On June 1, Alexia Rios started Crazy Creations 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.

Alexia 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 June and a balance sheet at June 30, 2012.

(b) Prepare an income statement and owner?s equity statement for June assuming the following data are not included above: (1) $900 of revenue was earned and billed but not collected at June 30, and (2) $150 of gasoline expense was incurred but not paid.

Notes Payable Accounts Payable Supplies Expense Gasoline Expense Cash Accounts Receivable Service Revenue Supplies Advertising Expense Equipment $10,150 3,000 6.700 2,000 500 10,000 $9,000 1.200 1.600 200 150 Utilities Expense