Dotarot Corporation

Statement of Financial Position

As of September 5, 2019

Assets
Cash in Bank 500,000
Receivables 350,000
Less: -50,000 300000
Prepaid Insurance 50,000
Inventory 150,000
Total Assets 1,000,000

Liabilities
Accounts Payable 300,000
Unearned Revenue 100,000
Salaries Payable 100,000
Total Liabilities 500,000

Owner's Equity
Dotarot,Capital, Beg. 400,000
Less: Withdrawal -50,000
Dotarot,Capital, End 350,000
Add: Profit 150,000
Total Equity 500,000

Total Liabilities and Equity 1,000,000