Kiersten Gruteke

ACC121
Spring 2016 Computer Project
Due February 12th, 2016: 12PM

Donald Designers
Year ending June 2015
Income Statement
Revenue:
Service Revenue: $9,000
Expenses:
Advertising Expenses: $1,200
Legal Expenses: $1,300
______________________________
Net Income: $6,500

Donald Designers
June 1st, 2015
Balance Sheet
Assets Liabilities
Office Supplies: $1,000 Accounts Payable: $700
Accounts Receivable: $7,000
Cash: $24,200
__________________________
Total: $32,200 Equity
Owners Capital: $31,500
Equity+ Liabilities= $32,200
$32,200 = $32,200

Donald Designers
Year Ending June 2015
Owners Equity
Beginning Balance: $0
Investment: $25,000
Net Income: $6,500
Withdraws: $0
__________________________________
Total: $31,500