Assets

Date Cash Accounts Receivable Supplies

31-Jul 4000 1500 500
1-Aug 1400 -1400
2-Aug -2700
3-Aug 3000 4900
4-Aug -400
5-Aug -4250
6-Aug -450
7-Aug 2000
8-Aug
2600 5000 500

14100

Income Statement
Revenues
Service Revenue
Expenses
Rent expense
Salaries and wages expense
Utilities expense
Advertising expense
Total Expense
Net Income

Retained Earnings Statement

Retained earnings, Aug 1
Add: Net Income
Retained earnings, Aug 31

Statement of Financial Positio

Assets
Cash
Accounts Receivable
Supplies
Equipment
 Total Assets

Equity and Liabilities

Equity
Share capital
Retained earnings
Liabilities
Notes payable
Accounts payable
Total equity and liabilities
 Liabilities Equity
Retained Earnings
Equipment Notes Payable Accounts Payable Share Capital Revenues Expenses Dividends
5000 4200 6000 800

-2700
7900
1000 600
-4250
-450
2000
210 -210
6000 2000 2310 6000 7900 -4460 -450
3790
14100

Income Statement

7900

900
3000
210
350
4460
3440

Retained Earnings Statement

800
3440
4240

Statement of Financial Position

Assets
2600
5000
500
6000
 14100

Equity and Liabilities

6000
3790 9790

2000
2310 4310
14100
P1-2B

Ket
Financial Position
Collected accounts receivable
Paid accounts payable
Revenue
Purchased Equipment cash and on account
Paid expenses
Paid cash devidends
Received borrowed money from bank
Expenses on account
 P1-3B
Income Statement
Revenues
Service Revenues
Expenses
Advertising expense 500
Rent expense 1800
Gasoline expense 600
Utilities expense 400
Total expense
Net Income

Retained Earnings Statement

Retained earnings, June 1
Add: Net Income
Retained earnings, June 30

Statement of Financial Position

Assets
Cash 10000
Accounts Receivable 4000
Supplies 2000
Equipment 25000
Total Assets

Equity and Liabilities

Equity
Share capital 25000
Retained earnings 2200
Liabilities
Notes payable 13000
Accounts payable 1700
Total equity and liabilities
ement

5500

3300
2200

s Statement
0
2200
2200

cial Position

41000

bilities

27200

14700
41900
 PI-4B
Assets Liabilities

Date Cash Accounts Receivable Supplies Equipment Notes Payable Accounts Payable
1-May 8000
2-May -800
3-May 500 500
5-May -50
9-May 3000
12-May -700
15-May 3300
17-May -2100
20-May -500 -500
23-May 2000 -2000
26-May 5000 5000
29-May 2300 2300
30-May -150
13700 1300 500 2300 5000 2300

17800 17950
 Equity
Retained Earnings
Share Capital Revenues Expenses Dividends
8000
-800

-50
3000
-700
3300
-2100

-150
8000 6300 -2950 -700
2650
17950