Income Statement Retained Earnings

Revenue 4800 Net Income

Expense 2450 Dividends
Net Income 2350 Retained Earnings

Assets Owner's Equity

Cash 1890 Retained Earnings 1940
Other Assets 1000 Common Stock (Shares) 500
Total Owner's Equity 2440
Liabilities
Accounts Payable 450
Total Assets 2890 Total Owner's Equity+Liabilities 2890
Retained Earnings

2350
410
1940
Transaction Description Assets Liabilities
Cash Accounts Recievable Inventory Equipment Total Accounts Payable
Investment 20000 20000
-5000 7000 2000 2000
-1000 1000 0
Salaries -4500 -4500
Revenues 5000 5000 10000
-1500 -1500 -1500
1000 -1000 0
Rent -750 -750
Utilities -500 -500
Travel 0 200
-200 -200
Total 12750 4000 800 7000 24550 700

Income Statement
Revenues 10000

Expenses
Salaries 4500
Rent 750
Utilities 500
Travel 200
Total Expense 5950

Net Income 4050

Owner's Equity
Total
20000 20000
2000
0
-4500 -4500
10000 10000
-1500 ??
0
-750 -750
-500 -500
-200 0
-200 -200
23850 24550
Assets Liabilities Owner's Equity Owner's Equity = Retained Earnings - Dividends
280000 120000 160000
400000 140000 260000 60000
Net Income

108000
 Assets
Cash Advance Furniture Inventory Debtors Total Loan
1 3000000 3000000
2 2000000 2000000 2000000
3 -500000 500000 0
4 -500000 500000 0
5 -3000000 6000000 3000000
6 3000000 -4000000 2000000 1000000
7 0
8 -100000 -100000
Total 3900000 500000 500000 2000000 2000000 8900000 2000000

Balance Sheet

Share Capital 3000000 Cash 3900000

Reserves & Surplus 380000 Fixed Assets
Owner's Equity 3380000 Furniture 500000
Current Assets, Loans and Advances
Bank Loan 2000000 Advance 500000
Current Liabilities and Provisions Inventory 2000000
Creditors 3000000 Debitors 2000000
Expenses Payable 520000
Liabilities 5520000
Owner's Equity + Liabilities 8900000 Assets 8900000
 Liabilities Owner's Equity
Creditors Salary Expense Interest Rent Dividend Total
3000000 3000000
2000000
0
0
3000000 3000000
1000000 1000000
200000 200000 20000 100000 -520000 0
-100000 0
3000000 200000 200000 20000 100000 3480000 -100000 8900000

Income Statement Cash Flow Summary

Income Reciepts
Sales 5000000 Payments
Other Income 0
Net Income 5000000
Expenditure
COGS 4000000
Salary 200000
Expense 200000
Rent 100000
Total Expense 4500000
PBDIT 500000
Depreciation 0
Interest 20000
PBT 480000
Tax 0
PAT 480000
Dividend 100000
Balance Profit 380000
89