thorne accounting services

income statement
for the month ended august 31,2017
income $ $
fee earned 13000 13000

expenses
advertising expense 200
insurance expense 50
rent expense 350
salaries expense 2150
supplies expense 400
telephone expense 50
truck repaire expense 250 -3450

net income 9550

 throne accounting sevices
financial statement
as of august 31,2017
Asset $ $
cash 4900
account recievable 6000
supplies 100
prepaid insurance 550
used truck 8000 19550

liabilities
account payable 250
bank loan 10000 10250
equity
share capital 3000
retained earning 6300 9300