Question: Problem 1-03A al-a3,b1-b2 On June 1, Barbara Jones started Ivanhoe Designs Co., a company that provides craft opportunities, by investing $12,050 cash in the business.

 Problem 1-03A al-a3,b1-b2 On June 1, Barbara Jones started Ivanhoe Designs
Co., a company that provides craft opportunities, by investing $12,050 cash in
the business. Following are the assets and abilities of the company at
June 30 and the revenues and expenses for the month of June.
Cash $10,000 Service Revenue 57.100 Accounts Receivable 3,400 Advertising Expense 600 Supplies
1,800 Rent Expense 1,300 Equipment 10,000 Gasoline Expense 250 Notes Payable 8,900
Utes Expense 200 Accounts Payable 1,000 Barbara made no additional investment in

Problem 1-03A al-a3,b1-b2 On June 1, Barbara Jones started Ivanhoe Designs Co., a company that provides craft opportunities, by investing $12,050 cash in the business. Following are the assets and abilities of the company at June 30 and the revenues and expenses for the month of June. Cash $10,000 Service Revenue 57.100 Accounts Receivable 3,400 Advertising Expense 600 Supplies 1,800 Rent Expense 1,300 Equipment 10,000 Gasoline Expense 250 Notes Payable 8,900 Utes Expense 200 Accounts Payable 1,000 Barbara made no additional investment in June but withdrew $1,500 in cash for personal use during the month Barbara made no additional investment in June but withdrew $1,500 in cash for personal use Prepare an income statement for the month of June. IVANHOE DESIGNS CO. Income Statement For the Month Ended June 30, 2020 ly, Revenues Service Revenue 7100 Expenses Advertising Expense 600 Rent Expense 1300 Gasoline Expense 250 Utilities Expense 200 Total Expenses 2350 Net Income / (Loss) 4750 Prepare an owner's equity statement for the month of June. (List Items that increase owner's equity first.) IVANHOE DESIGNS CO. Owner's Equity Statement Prepare a balance sheet at June 30, 2020. (List Assets in order of liquidity.) IVANHOE DESIGNS CO. Balance Sheet Assets $ $ Liabilities and Owner's Equity $ Llabilities and Owner's Equity CALCULATOR PRINTER VERSION 4 BACK Prepare an income statement for June assuming the following data are not included above: (1) 5800 of services were performed and billed but not collected at June 30, and (2) 5150 or gasoline expense was incurred but not paid IVANHOE DESIGNS CO. Income Statement Prepare an income statement for June assuming the following data are not included above: (1) $800 or services were performed and billed but not collected at June 30, and (2) $150 gasoline expense was incurred but not paid. IVANHOE DESIGNS CO. Income Statement NEXT Prepare an owner's equity statement for June assuming the following data are not included above: (1) 3800 of revenue was earned and red but not collected at June 30, and (2) $150 of gasoline expense was incurred but not paid. (List items that increase owner's equity first.) IVANHOE DESIGNS CO. Owner's Equity Statement dy Click If you would like to show Work for this question on her

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