How would I solve these? (Part B) VAL SCREEN : PRNTERVERSION). BACK Problem 1-3A

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How would I solve these?

(Part B) VAL SCREEN : PRNTERVERSION). BACK Problem 1-3A (Part Level Submission) on June 1, Cindy Godfrey started Divine Designs Co, a company that provides craft opportunities, by investing $14,390 cash in the business. Folloning are the assets and Eabilities rog th thnat nth od u mft oportnitie, by investing $14,390 cash in the busines. F Cash Accounts Receivable Supplies Equipment Notes Payable Accounts Payable $11,000 Service Revenue 3,100 Advertising Expense 1,900 Rent Expense 11,000 Gasoline Expense 8,600 Utilities Expense 1,100 $6,200 400 1,400 220 170 Cindy made no additional investment in June but withdrew $1,100 in cash for personal use during th e month

Explanation / Answer

Solution A:

Solution B:

Divine Designs Co. Owner's Equity Statement For the month ended June 30, 2017 Particulars Amount Owner's Capital, June 1 $0.00 Add: Captial contribution $14,390.00 Net Income $4,010.00 $18,400.00 $18,400.00 Less: Drawings $1,100.00 Owner's Capital, June 30 $17,300.00

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