P1-3A On June 1, Cindy Godfrey started Divine Designs Co., a company that provides craft opportunities, by investing 

 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. \begin{tabular}{lrlr} Cash & 

 \ Accounts Receivable & 2,800 & Advertising Expense & 500 \ Supplies & 2,000 & Rent Expense & 1,600 \ Equipment & 10,000 & Gasoline Expense & 200 \ Notes Payable & 9,000 & Utilities Expense & 150 \ Accounts Payable & 1,200 & & \end{tabular}

Cindy made no additional investment in June but withdrew 

 in cash for personal use during the month.

Instructions (a) Prepare an income statement and owner's equity statement for the month of June and (a) Net income $4,050 a balance sheet at June 30, 2017.

Owner's equity $14,750 Total assets $24,950

1.PA.3a

Temukan pembahasan soal-soal dari buku ajar perkuliahan yang disusun oleh dosen-dosen terbaik. Solusi yang mendalam dan komprehensif dapat meningkatkan kemampuan kamu.

Chapter 1 - Accounting in Action

Chapter 2 - The Recording Process

Chapter 3 - Adjusting the Accounts

Chapter 4 - Completing the Accounting Cycle

Chapter 5 - Accounting for Merchandising Operations

Chapter 6 - Inventories

Chapter 7 - Accounting Information Systems

Chapter 8 - Fraud, Internal Control, and Cash

Chapter 9 - Accounting for Receivables

Chapter 10 - Plant Assets, Natural Resources, and Intangible Assets

Chapter 11 - Current Liabilities and Payroll Accounting

1.PA.3a

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