G- mart Limited

Income Statement
For the Month Ended December 30,2020
G- mart Limited
Consulting Revenues $ 50,000.00
Total Revenue $ 50,000.00
Expenses
Rent Expense $ 4,800.00
Salaries Expense $ 4,900.00
Utility Expense $ 550.00
Total Expenses -$ 10,250.00
Net Income $ 39,750.00

G-mart Limited
Statement of Owners Equity
For the Month Ended December 30, 2020
Gerald Fisher, Capital, December 1,2020 $ 0
Investment by Owner $ 23,500.00
Net Income $ 39,750.00 $ 63,250.00
$ 63,250.00
Withdrawls By Owner -$ 5,500.00
Gerald Fisher , Capital, December 1, 2020 $ 57,750.00
 G-mart Limited
Balance Sheet
December 30, 2020
Assets Liabilities
Cash $ 19,500.00 Accounts Payable $ 15,000.00
Office Furniture $ 35,000.00 Notes Payable $ 6,750.00
Accounts Receivable $ 25,000.00 Total Liabilities $ 21,750.00
Equity
J.D. Simpson, Capital $ 57,750.00
Total Assets $ 795,000.00 Total Liabilities and Equity $ 79,500.00