…… Company

Accounting Equation
For the month ended ….
Assets =
Accounts
Cash + + Supplies + Equipment =
Receivable
Beginning 5,000 1,500 500 6,000
(1) 1,200 -1,200
(2) -2800
(3) 3,000 4,500
(4) -400 2,000

(5) -2,500
-400
-900
(6) -700
(7) 2,000
(8)

3,500 + 4,800 + 500 + 8,000 =

16,800
 Equation
nth ended ….
Liabilities + Owner’s Equity
Notes Accounts Owner's Owner's
+ + + + Revenue -
payable Payable Capital Drawings
4,200 8,800

-2,800
7,500
1,600

-700
2,000
270

2,000 3,270 + 8,800 + (700) + 7,500 -

16,800
Expensive Notes

-2,500
-400
-900

-270

(4,070)
 …… Company
Income Statement
For the Month Quarter Ended …
Revenue
Service Revenue 7,500

Salaries & Wages Expense 2,500

Travel Expense
Rent Expense
Miscellaneous Expense 1,570
Supplies Expense
Depreciation Expense
Interest Expense
Insurance Expense
Total Expense 4,070
Net Income 3,430
 ….Company
Owner's Equity Statement
For the Month Ended ….
Owner's Capital, January 1
Add: Investments 8,800
Net icome 3,430 12230
Less: Drawings 700
Owner's Capital, March 31 11,530
 … Company
Balance Sheet
For the Month Ended ...
Asset
Cash
Account Receivable
Supplies
Prepaid Insurance
Equipment
Less: Accumulated Depreciation-Equipment
Total assets
Liabilities & Owner's Equity
Liabilities
Notes Payable
Account Payable
Interest Payable
Total liabilities
Owner's Equity
Owner's Capital
Total Liabilities and Owner's Equity