FS Printing Shop FS Printing Shop

Income Statement Balance Sheet

For the year of June 2019 For the year of June 2019

Revenues Assets
Liabilities
Sales 95,000
Current Assets
Total Sales 95,000
Notes Payable 400,000
Expenses
Cash 30,000
Salaries Expense 40,000 Accounts Payable 70,000
Utilities Expense 8,000 Accounts Receivable 20,000
Rent Expense 3,000 Salaries Payable 15,000

Supplies 10,000 Supplies 13,000

Utilities 7,000
Insurance 8,000
Prepaid Insurance 5,000
Depreciation Of Equipment Internet 5,000
5,000
Prepaid Rent 8,000
Depreciation Of Office Equipment Total Liabilities 497,000
3,000 79,000
76,000
Net Income
25,000
Owner Equity

Delivery Equipment 400,000

Acc. Depreciation 5,000 ₱
395,000

Office Equipment 60,000

Acc. Depreciation 3,000 ₱
57,000
Total
452,000

Total Assets ₱ 76,000

Capital June, 2019 573,000

Total Liabilities & Equity 573,000