Deliverable 5 - Financial Information

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Module5FinancialStatementAssignment.xlsx
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Sheet1

Using the Account list on the side, complete the Income Statement and Balance Sheet below. Each account can only be used one time.
Prepare the Income Statement for the period ending December 31 for Sunshine Day Care Center
Sunshine Day Care Center
Income Statement
For the year ended December 31, 20__
Revenues:
Expenses:
Total Expenses 0 Account Balance
Net Income 0 Accounts Receivable 2,500
Rent Expense 5,000
Supplies 3,000
Cash 80,500
Retained Earnings 17,600
Prepare the Balance Sheet for Sunshine Day Care Center as of December 31, 20__ Repair expense 700
Sunshine Day Care Center Advertising Expense 2,400
Balance Sheet Inventory 1,300
December 31,20__ Accounts Payable 4,300
ASSETS Liabilities Common Stock 57,000
Equipment 15,000
NotePayable 23,400
Salary Expense 11,500
Service Revenue 65,700
Total Liabilities 0
Stockholders' Equity
Total equity 0
Total Assets 0 Total Liab. And Stkhlds' Equity 0