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Problem 1-03A a1-a3,61-62 (Part Level Submission) 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 expenses for the month of June. $6,000 400 1,300 Cash Accounts Receivable Supplies Equipment Notes Payable Accounts Payable $10,000 Service Revenue 2,800 Advertising Expense 1,500 Rent Expense 10,000 Gasoline Expense 8.500 Utilities Expense 1,000 180 130 Mary made no additional investment in June but withdrew $1,100 in cash for personal use during the month. (a1) Your answer is correct. Prepare an income statement for the month of June. BLOSSOM DESIGNS CO. Income Statement For the Month Ended June 30, 2020 Revenues Service Revenue 6000 Expenses Gasoline Expense 180 Rent Expense 1300 Advertising Expense 400 Utilities Expense 130 Total Expenses 2010 Net Income / (Loss) 3990 (a2) Prepare an owner's equity statement for the month of June. (List items that increase owner's equity first.) BLOSSOM DESIGNS CO. Owner's Equity Statement For the Month Ended June 30, 2020 Owner's Capital, June 1 v $ Add Investments Net Income / (Loss) Less Drawings Owner's Capital, June 30 Click if you would like to Show Work for this question: Open Show Work

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