Jurczyk Distributing Jurczyk Dist

Income Statement Retained Earnin

For the month Ending December 31, 2020 For the month Ending D
Sales revenue 18,600 Retained Earnings, Dec 1
Less: Sales Discount 360 Add: Net income
Net sale 18,240 Retained Earnings, Dec 31
Cost of Goods Sold 12,500
Gross profit 5,740
Operating Expense
Salaries and Wages Expense 3,200
Supplies Expense 1500
Depreciation Expense 200 4,900
Net income 840
 Jurczyk Distributing Jurczyk Distributing
Retained Earnings Statement Statement of Financial Posi
For the month Ending December 31, 2020 For the month Ending December
etained Earnings, Dec 1 9,300 Assets
Add: Net income 840 Property, Plant, and Equipment
etained Earnings, Dec 31 10,140 Equipment
Less: Accumulated Depreciation
Current Assets
Supplies
Inventory
Accounts Receivable
Cash
Total Assets
Equity and Liabilities
Equity
Share - Capital Ordinary
Retained Earnings
Current Liabilities
Accounts Payable
Salaries and Wages Payable
Total Equity and Liabilities
 Jurczyk Distributing
Statement of Financial Position
he month Ending December 31, 2020
Assets
nt, and Equipment
t 22,000
umulated Depreciation 2,400 19,600
s
1,700
8,320
Receivable 2,500
13,320 25,840
45,440
Equity and Liabilities
30,000
apital Ordinary 10,140
Earnings 40,140
lities
Payable 4,500
nd Wages Payable 800 5,300
and Liabilities 45,440