Professional Documents
Culture Documents
Jams Massage and Spa
Jams Massage and Spa
Income Statement
January 2019-December 2019
Current Assets
Cash 7,054
Accounts Receivable 60,484
Inventory 80,042
Pre-paid Expenses 1, 046
Total Current Assets 148,626.00
Fixed assets
Building 100,500.00
Equipment 40,950.00
Gross Fixed Assets 141,450.00
Less Accumulated depreciation 16,900.00
Net Fixed Assets 124,550.00
Total Assets 273,176.00
LIABILITIES AND MUNERS EQUITY
Liabilities
Current Liabilities
Accounts payable
Accrued Payables
Total Current Liabilities
Total Liabilities 75,116.00
Owner’s Equity 198,060.00
Total Liabilities and Owner’s Equity 273,176.00
Jams Massage and Spa
Financial Ratios
December 31, 2019