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Published byBaldwin Logan Modified over 9 years ago
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Quible Security Systems Income Statement Year Ended December 31, 2010 $XXX,XXX $XX,XXX $XXX,XXX $XX,XXX REVENUES: Service Revenue EXPENSES: Salary expense Rent expense Advertising expense TOTAL EXPENSES NET INCOME
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Quible Security Systems Statement of Owner’s Equity Year Ended December 31, 2010 $XXX,XXX XX,XXX XXX,XXX $(XX,XXX) $XXX,XXX S. Quible, capital, Dec. 31, 2010 S. Quible, capital, Dec. 31, 2011 Add: Net income for year Less: Withdrawals by owner
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Quible Security Systems Balance Sheet Year Ended December 31, 2010 ASSETS OWNER’S EQUITY LIABILITIES Cash Accounts Receivable Land Furniture Building Accounts payable Note Payable Salary Payable Total Liabilities S. Quible, capital Total liabilities and owner’s equity Total Assets
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