Question: Prepare an income statement for June assuming the following data are not included above: (1) S700 of services were performed and billed but not collected

Prepare an income statement for June assuming the following data are not included above: (1) S700 of services were performed and billed but not collected at June 30, and (2) $100 at gasoline expense was incurred but not paid. BLOSSOM DESIGNS CO Income Statement $10.000 400 On June 1, Mary Smith started Blossom Designs Co, a company that provides craft opportunities, by investing $11.910 cash in the business. Following are the assets and liabilities of the company at June 30 and the revenues and senses for the month of June. Cash Service Revenue $6,000 Accounts Receivable 2.000 Advertising Expense Supplies 1.500 Rent Expense Fouipment 10.000 Gasoline Expense Nates Payable 0.500 Usilities Expense Accounts Payable 1.300 120 130 LOOO withdr $1.100 in cash month
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