Professional Documents
Culture Documents
Income Statement
For Year Ended December 31, 2011
Cash Basis
Assets
Cash
Accounts Receivable
Less: Allowance for Bad Debts
Accounts Receivable Net
Accounts Receivable Other
Prepaid Expebses
Notes Receivable - Employee
Notes Receivable - Dr Jones
Property and Equipment
Less: Accumulated Depreciation
Property and Equipment Net
Total Assets
$
$
308,150.84
(156,023.56)
$
$
$
$
$
$
Stockholders Equity
Common Stock
Retained Earnings
Total Stockholders Equity
$
$
(6,458.09)
$
$
$
$
$
38,879.88
19,659.78
56,020.51
$
$
152,127.28
260,229.36
453,802.86
(193,573.50)
260,229.36
426,876.79
(426,876.79)
Liabilities
Accounts Payable
FICA Withholding Payable
FEd Withholding Payable
State Withholding Payable
State Tax Payable
Notes Payable
Total Liabilities
127,018.91
326,783.95
25,000.00
(218,573.50)