ABM Company

Statement of Comprehensive Income

For the Month ended January 30,2017

Revenues
Fees Earned 31050
Total Revenue 31050

Expenses
Salaries Expense 7000
Light and Water Expense 1200
Insurance Expense 500
Membership and Licenses Expense 1500
Gas and Oil Expense 1800
Office Supplies Expense 350
Rent Expense 4000
Depreciation Expense- OF 91.67
Depreciation Expense- OE 500
Total Expenses 16941.67

Net Income 14108.3

ABM Company
Statement of Changes in Equity
For the Month ended January 30,2017

Capital, January 1,2017 0

Add: Investment by the owner 50000
Add : Net Income 14108.3
Less: Withdrawals by the owner 2500
Capital, January 30,2017 61608.3

ABM Company
Statement of Financial Position
January 30,2017

Assets
Cash 7550
Accounts Receivable 14,900
Office Supplies 250
Prepaid Rent 4000
Office Equipment 30,000
 Accumulated Depreciation- OE 500 29,500
Office Furniture 5500
Accumulated Depreciation- OF 91.67 5408.33
Total Assets 61608.33

Liabilities and Capital

Masipag,Capital 50000
Masipag, Drawing 2500 47500
Net Income 14108.3
Total Liabilities and Capital 61608.3

ABM Company
Statement of Cash Flow
January 30,2017

Casf Flows from Operating Activities

Service Rendered 10650
Collection of Accounts Receivable 5500
Payment for Prepaid Rent Expense -8,000
Payment for Fire insurance Expense -500
Payment of membership dues -500
Payment for Business Permit and Licenses -1000
Payment of Salary Expense -7000
Collection of Accounts Receivable -600
Payment of Light and Water bill -1200
Payment of Gas and Oil -1800 -4450
Net cash Flow from Operating Activities

Casf Flows from Investing Activities

Purchase of Furniture -5500
Payment of note issued for Office Equipement -30000 -35500
Net Cash Flow from Investing Activities

Casf Flows from Financing Activities

Cash Investment by the owner 40000
Additional Investment by the owner 10000
Withdrawals of the owner -2500 47500
Net Cash Flow from Financing Activities

Net Cash Flow 7550

January 1, 2017 -
January , 2017 7550