Kenny Young

Assets (Items Owned)

Cash Acc Rev Supplies -15,000 -300 -8,000

Pre. Ins

Tools

=

Liabilties + Owner's Equity (Amounts Owed) (Owner Investments)+ (Earnings)

Truck

=

K.Y.Cap 15,000

8,000 3,000

-50 -600 2,000 -200

Acc. Pay

3,000

600

1,000 -35 -100 300 -300 -250 -1000 1,400 600 -500 Bal. 7,665 13,00

300

200

-1000

300

600

3,000

8,000 =

2,200

15,000

Owner's Equity Investments)+ (Earnings)

K.Y.Draw

Revenues Expenses Description 300 Rent Exp.

50 Utilites Exp. 2,000 1,000

Inspect. Fees 200 Wages Exp. Inspect. Fees 35 Phone Exp.

250 Wage Exp. 2,000 500 500

5,000

Insp. Fees 835