MILLER AUTO CUSTOMIZING SERVICE
INCOME STATEMENT
FOR THE MONTH ENDED JULY 31, 20*7
REVENUE: FEES EXPENSES: SALARIES EXPENSE UTILITIES EXPENSE TELEPHONE EXPENSE SUPPLIES EXPENSE RENT EXPENSE ADVERTISING EXPENSE DEPR. EXPENSE-EQUIPMENT PROFIT FOR THE MONTH $ 2,400 160 75 750 800 160 110 $ 6,255 4,455 1,800
Statement of Financial
Position
MILLER AUTO CUSTOMIZING SERVICE
Statement of Financial Position
AS AT JULY 31, 20*7ASSETS: $ CURRENT ASSETS: CASH 15,095 ACCOUNTS RECEIVABLE 3,855 SUPPLIES 700 PREPAID RENT 4,000 PREPAID ADVERTISING 1,760 NON-CURRENT ASSETS EQUIPMENT 7,600 LESS:ACCUM. DEPR.-EQUIPMENT 110 TOTAL ASSETS LIABILITIES CURRENT LIABILITIES ACCOUNTS PAYABLE TOTAL LIABILITIES NET ASSETS EQUITY CRAIG MILLER, CAPITAL PROFIT FOR THE PERIOD TOTAL EQUITY $ $ 25,410 7,490 32,900 4,100 4,100 28,800 27,000 1,800 28,800
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