Te

Balance sheet
As of 31 February 2014
ASSETS
Current Assets:
Cash
Accounts Receivable
Office Supplies
Total Assets

LIABILITIES & OWNER'S EQUITY

LIABILITIES
Current Liabilities:
Accounts Payable
Total Liabilities

OWNER'S EQUITY
Te, Capital
Total Liabilities & Owner's Equity

Te
Income Statement
For the month ended 31 February 2014

Revenue:
Service Income
Operating Expenses:
Taxes and Licenses
Profit for the month

Te
Changes in Owner's Equity
For the month ended 31 February 2014
Te, Capital - February 1, 2014
Add: Investment 250,000
Profit of the month 95,000
Total
Less: Te, Drawing
Te, Capital - February 31, 2014
 260,000
20,000
100,000
380,000

65,000
65,000

315,000
380,000

February 2014

110,000

15,000
95,000

February 2014
0

345,000
345,000
30,000
315,000