Capital Owner Equity Free .Xls - Excel by pxn21375

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									                         WEST CLEANING SERVICE
                            Income Statement
                         Month Ended May 31, 2010

Revenues:
 Fees Income
Expenses:
 Utilities expense
 Salaries expense
 Telephone expense
  Total expenses
Net Loss


                         WEST CLEANING SERVICE
                         Statement of Owner's Equity
                         Month Ended May 31, 2010

Carol West, Capital, May 1, 2010
Net Loss for March
Less Withdrawals for May
Decrease in Capital
Carol West, Capital, May 31, 2010


                   WEST CLEANING SERVICE
                        Balance Sheet
                        May 31, 2010

                             Assets
Cash
Accounts Receivable
Supplies
Equipment
Total assets

                            Liabilities
Accounts payable

                           Owner's Equity
Carol West, Capital
Total Liabilities and Owner's Equity
Given Data P02-03A:

                                            WEST CLEANING SERVICE


                                         Assets   =

              Date           Cash+
Balances, May 1               $14,000
Paid for utilities               (880)
New balances                   13,120
Sold services for cash          4,880
New balances                   18,000
Paid a creditor                (1,600)
New balances                   16,400
Sold services on credit
New balances                   16,400
Paid salaries                  (8,400)
New balances                    8,000
Paid telephone bill              (304)
New balances                    7,696
Withdrew cash for personal
 expenses                      (2,000)
New balances                    5,696
                            Student Name:
                                    Class:
                                             Problem 02-04A

                        VALDEZ EQUIPMENT REPAIR SERVICE
                                  Balance Sheet
                                 February 28, 2010

                   Assets                                     Liabilities
Cash                                          Accounts payable
Supplies
Accounts receivable                                            Owner's Equity
Equipment                                    Francisco Valdez, Capital
 Total Assets                                Total Liabilities and Owner's Eq.
Given Data P02-04A:

       VALDEZ EQUIPMENT REPAIR SERVICE
            Selected Account Balances
                February 28, 2010

Cash                                $ 33,300
Supplies                               5,380
Accounts receivable                   12,200
Equipment                             77,000
Accounts payable                      23,000
Net Worth                              ?

								
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