Godo Current Attempt in ProgressOn June 1, Michelle Walker started Sandhill Designs Co., a company that provides craft opportunities, by investing $14,390 cash in thebusiness. Following are the assets and liabilities of the company at June 30 and the revenues and expenses for the month of June.CashAccounts ReceivableSuppliesEquipmentNotes PayableAccounts Payable$11,0003,1001,90011,0008,6001,100Service RevenueAdvertising ExpenseRent ExpenseGasoline ExpenseUtilities Expense$6,2004001,400220170Michelle made no additional investment in June but withdrew $1,100 in cash for personal use during the month. Prepare an income statement for June assuming the following data are not included above: (1) $900 of services were performedand billed but not collected at June 30, and (2) $200 of gasoline expense was incurred but not paid.RevenuesService RevenueExpensesAdvertising ExpenseRent ExpenseGasoline ExpenseUtilities ExpenseTotal ExpensesNet Income /(Loss)SANDHILL DESIGNS CO.Income StatementFor the Month Ended June 30, 20224001400170ii

Name: Godo Current Attempt in ProgressOn June 1, Michelle Walker started San
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Godo Current Attempt in ProgressOn June 1, Michelle Walker started Sandhill Designs Co., a company that provides craft opportunities, by investing $14,390 cash in thebusiness. Following are the assets and liabilities of the company at June 30 and the