Question: Please read test in each slide at the top. Numbers change Problem 1-03A al-a3,b1-b2 On June 1, Dorothy Taylor started Sandhill Designs Co., a company
Please read test in each slide at the top.
Numbers change





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. $11,000 3,200 2,200 Cash Accounts Receivable Supplies Equipment Notes Payable Accounts Payable Service Revenue Advertising Expense Rent Expense Gasoline Expense Utilities Expense $6,400 500 1,400 240 190 11,000 8,800 1,400 Dorothy made no additional investment in June but withdrew $1,400 in cash for personal use during the month. Prepare an income statement for the month of June. SANDHILL DESIGNS CO. Income Statement Activate Windows 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 $ LINK TO TEXT 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 $ LINK TO TEXT Activate Windows 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 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 Click if you would like to Show Work for this question: Open Show Work
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