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acc340_financial_statement_template.xlsincome statement
| Company name | |||
| Income Statement | |||
| Date | |||
| Account Title | Amount | ||
| Revenue | Sales Revenue | 7,000.00 | |
| Total Revenue | 7,000.00 | ||
| Expenses | Account Title | Amount | |
| Telephone | 100 | ||
| Advertising | 1,000.00 | ||
| Total Expenses | 1100 | ||
| Net Income | 5,900.00 |
Statement of Owner's Equity
| Company Name |
| Statement of Owner's Equity |
| Date |
| Beginning Balance, Owners, Capital |
| Investment as of date |
| Net income for date |
| Subtotal |
| Less owner's withdrawals |
| Owner's capital, date |
Balance Sheet
| Company name | ||||||
| Balance Sheet | ||||||
| Date | ||||||
| ASSETS | LIABILITIES & EQUITY | |||||
| Account Title | Amount | Account Title | Amount | |||
| Assets | Cash | 46,400.00 | Liability | |||
| Prepaid Rent | 3,000.00 | Notes Payable | 35,000.00 | |||
| Prepaid Insurance | 5,500.00 | |||||
| Accounts Receivable | 1,000.00 | |||||
| Equipment | 35,000.00 | |||||
| Total Liabilities | ||||||
| Equity | ||||||
| Owners Equity | 50,000.00 | |||||
| Total Equity | ||||||
| TOTAL ASSETS | TOTAL LIABILITIES AND EQUITY |
