Professional Documents
Culture Documents
Accounting Equation
For the month ended ….
Assets =
Accounts
Cash + + Supplies + Equipment =
Receivable
Date
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
+ + - + - =
nth ended ….
Liabilities + Owner’s Equity
Owner's
Notes Owner's
+ Accounts Payable + + Drawing + Revenue
payable Capital
s
- + - + - + -
- Expensive Notes
-
…… Company
Income Statement
For the Month Quarter Ended …
Revenue
Service Revenue
6,700
4,250
….Company
Owner's Equity Statement
For the Month Ended June 30, 2012
Owner's Capital, June 1
Add: Investments 12,000
Net icome 4,250
16,250
Less: Drawings 1,300
Owner's Capital, June 30 14,950
… Company
Balance Sheet
For the Month Ended ...
Asset
Cash 10,150
Account Receivable 3,000
Supplies 2,000
Prepaid Insurance
Equipment 10,000
Less: Accumulated Depreciation-Equipment
Total assets 25,150
Liabilities & Owner's Equity
Liabilities
Notes Payable 9,000
Account Payable 1,200
Interest Payable
Total liabilities 10,200
Owner's Equity
Owner's Capital 14,950
Total Liabilities and Owner's Equity 25,150
…… Company
Income Statement
For the Month Quarter Ended …
Revenue
Service Revenue 7,600