Question: answer On June 1, 2027, Helen Martin started Ivanhoe Designs Co., a company that provides craft opportunities, by investing $12,810 cash in the business. Following

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answer On June 1, 2027, Helen Martin started
On June 1, 2027, Helen Martin started Ivanhoe Designs Co., a company that provides craft opportunities, by investing $12,810 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 600 Supplies 1,600 Rent Expense 1,400 Equipment 10,000 Gasoline Expense 180 Notes Payable 8,200 Utilities Expense 130 Accounts Payable 1,200 Helen made no additional investment in June but withdrew $1,200 in cash for personal use during the month. (al) Prepare an income statement for the month of June 2027. IVANHOE DESIGNS CO. Income Statement $ Question 9 of 10 -/10 =

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