Lois Bell, Interior Design

Income Statement
For the Month Ended November 30,2011
Lois Bell, Interior Design
Consulting Revenues $ 30,000.00
Total Revenue $ 30,000.00
Expenses
Rent Expense $ 3,600.00
Salaries Expense $ 6,200.00
Utility Expense $ 250.00
Total Expenses -$ 10,050.00
Net Income $ 19,950.00

Lois Bell, Interior Design

Statement of Owners Equity
For the Month Ended November 30, 2011
Lois Bell, Capital, Novemeber 1,2011 $ 0
Investment by Owner $ -
Net Income $ 56,400.00 $ 56,400.00
$ 56,400.00
Withdrawls By Owner -$ 48,000.00
Lois Bell, Capital, November 1, 2011 $ 8,400.00
 Lois Bell, Interior Design
Balance Sheet
November 30, 2011
Assets Liabilities
Cash $ 17,200.00 Accounts Payable $ 12,000.00
Office Furniture $ 40,000.00 Notes Payable $ 4,250.00
Accounts Receivable $ 23,000.00 Total Liabilities $ 16,250.00
Equity
J.D. Simpson, Capital $ 63,950.00
Total Assets $ 80,200.00 Total Liabilities and Equity $ 80,200.00