Assets (Items Owned)
Cash Acc Rev Supplies -8,000 -150 -5,000
Pre. Ins
Tools
=
Liabilties + Owner's Equity (Amounts Owed) (Owner Investments)+ (Earnings)
Van
=
L.V.Cap 8,000
5,000 600
600 100
300 -600 2,000 -200
Acc. Pay
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)
L.V.Draw
Revenues Expenses Description 150 Rent Exp.
200
cleaning sup 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