Jim's Auto Body Jim's Auto Body

Income Statement Income Statement

As of April 30, 2019 As of April 30, 2020

Revenues: Revenues: Absolute

Service Revenue 28,000 Service Revenue 32,000
Total Revenue 28,000 Total Revenue 32,000 4,000

Expenses: Expenses:
Salary Expense 4,500 Salary Expense 5,200 700
Rent Expense 1,200 Rent Expense 1,300 100
Utility Expense 300 Utility Expense 420 120
Depreciation Expense 500 Depreciation Expense 500 0
Insurance Expense 100 Insurance Expense 125 25
Supply Expense 400 Supply Expense 325 75
Total Expenses 7,000 Total Expenses 7,870 870

21,000 24,130 3,130

 Jim's Auto Body
Balance Sheet
As of April 30, 2019
Assets:
Percentage Cash 101,800
Acct Rec'able 20,000
14..29% PP In 1,100
Equipment 55,000
Accu. Dep. 500
15..56% Supplies 2,600
8..33% Total Assets 180,000
40%
0% Liabilities and Stockholders' Equity
25% Liabilities:
18..75% Accounts Payable 8,000
12..43% Salary Payable 3,000
Total Liabilities 11000.00
14..9%
Stockholders' Equity:
Common Stock 150,000
Retained Earnings 19000
Total Stockholders' Equity 169000.00

Total Liabilities &

Stockholders' Equity 180,000
 Jim's Auto Body
Balance Sheet
As of April 30, 2020
Assets: Absolute Percentage
Cash 145,000 43,200 42..44
Acct Rec'able 34,000 14,000 70%
PP In 1,100 0 0%
Equipment 62,000 7000 12..73%
Accu. Dep. 750 250 2%
Supplies 2,300 300 11..54%
Total Assets 243,650 63,650 35..36%

Liabilities and Stockholders' Equity

Liabilities:
Accounts Payable 22,000 14000 175%
Salary Payable 4,500 1500 50%
Total Liabilities 26500.00 15500 140..91%

Stockholders' Equity:
Common Stock 198,150 48,150 32..1%
Retained Earnings 19000 0 0%
Total Stockholders' Equity 217150.00 48150 28..49%

Total Liabilities & Stockholders' Equity 243,650 63,650 35%

 Jim's Auto Body Angel's Auto Body
Income Statement Income Statement
As of April 30, 2014 As of April 30, 2014

Revenues: Revenues:
Service Revenue 28,000 100% Service Revenue 189,000 100`%
Total Revenue 28,000 Total Revenue 189,000

Expenses: Expenses:
Salary Expense 4,500 16.07% Salary Expense 40,000 21.16%
Rent Expense 1,200 4.29% Rent Expense 8,000 4.23%
Utility Expense 300 1.07% Utility Expense 2,400 1.27%
Depreciation Expense 500 1.79% Depreciation Expense 2,855 1.51%
Insurance Expense 100 0.36% Insurance Expense 2,000 1.06%
Supply Expense 400 1.43% Supply Expense 4,300 2.28%
Total Expenses 7,000 25.00% Total Expenses 59,555 31.51%

21,000 75% 129,445 68.49%

For the Month Ended 4/30/2014

 Jim's Auto Body
Balance Sheet
As of April 30, 2014
Assets:
Cash 101,800 56.56%
Acct Rec'able 20,000 11.11%
PP In 1,100 0.61%
Equipment 55,000 30.56%
Accu. Dep. 500 0.28%
Supplies 2,600 1.44%
Total Assets 180,000 100%

Liabilities and Stockholders' Equity

Liabilities:
Accounts Payable 8,000 4.44%
Salary Payable 3,000 1.67%
Total Liabilities 11000.00 6.11%

Stockholders' Equity:
Common Stock 150,000 83.33%
Retained Earnings 19000 10.56%
Total Stockholders' Equity 169000.00 93.89%

Total Liabilities & Stockholders' Equity 180,000 100.00%

 Angel's Auto Body
Balance Sheet
As of April 30, 2014
Assets:
Cash 332,000 62..55%
Acct Rec'able 67,000 12..6%
PP In 1,100 ..21
Equipment 122,000 23%
Accu. Dep. 3,300 0..62%
Supplies 12,000 2..3%
Total Assets 530,800 100%

Liabilities and Stockholders' Equity

Liabilities:
Accounts Payable 192,000 36..17%
Salary Payable 10,000 1..88%
Total Liabilities 202000.00 38..06%

Stockholders' Equity:
Common Stock 203,800 38..39%
Retained Earnings 125000 23..55%
Total Stockholders' Equity 328800.00 61..94%

Total Liabilities & Stockholders' Equity 530,800 100%