ASSETS =

Cash Accounts Receivable Furniture Equipment

1) 3,000 15,000
2) -600 600
3) -500
4) 1,200
5) 825
6) 100
7) 100 -100
8) -125
9) 930
10) -400
11) -900

Bal. 2,330 0 600 16,200

 LIABILITIES + STOCKHOLDERS' EQUITY
Note Payable Common Stock Dividends Revenues Expenses

18,000

-500
1,200
825
100

-125
930
-400
-900

800 18,000 -900 1,855 -625

 INCOME STATEMENT
My Company Name
For the period ended Dec. 31, 2016

REVENUES 1,855

EXPENSES 625

NET INCOME (LOSS) 1,230

STATEMENT OF RETAINED EARNINGS

My Company Name
For the period ended Dec. 31, 2016

Beginning Retained Earnings 0

Net Income 1,230

Less Dividends 900

Ending Retained Earnings 330

 BALANCE SHEET
My Company Name
December 31st, 2016

ASSETS
Cash 2,330
Accounts Receivable 0
Furniture 600
Equipment 16,200

TOTAL ASSETS 19,130

LIABILITIES

Note Payable 800

STOCKHOLDERS' EQUITY

Common Stock 18,000

Retained Earnings 330

TOTAL LIABILITIES AND STOCKHOLDERS' E 19,130