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    P1-2B 6081901141

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    Mentari Anggari
    The document contains financial statements for Mandy Arnold, Attorney at Law Ltd for the month ending August 31, 2017. It includes a balance sheet showing assets of €14,100 consisting of equipment, supplies, accounts receivable and cash. Liabilities include notes payable and accounts payable totaling €4,310 and equity of €9,790 from share capital and retained earnings. The income statement shows revenues of €7,900 and expenses of €4,460 resulting in net income of €3,440. The retained earnings statement shows an increase in retained earnings from €800 to €3,790 after adding net income and deducting dividends of €450.

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    P1-2B 6081901141

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    Mentari Anggari
    2K views3 pages
    The document contains financial statements for Mandy Arnold, Attorney at Law Ltd for the month ending August 31, 2017. It includes a balance sheet showing assets of €14,100 consisting of equipment, supplies, accounts receivable and cash. Liabilities include notes payable and accounts payable totaling €4,310 and equity of €9,790 from share capital and retained earnings. The income statement shows revenues of €7,900 and expenses of €4,460 resulting in net income of €3,440. The retained earnings statement shows an increase in retained earnings from €800 to €3,790 after adding net income and deducting dividends of €450.

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    The document contains financial statements for Mandy Arnold, Attorney at Law Ltd for the month ending August 31, 2017. It includes a balance sheet showing assets of €14,100 consisting of equipment, supplies, accounts receivable and cash. Liabilities include notes payable and accounts payable totaling €4,310 and equity of €9,790 from share capital and retained earnings. The income statement shows revenues of €7,900 and expenses of €4,460 resulting in net income of €3,440. The retained earnings statement shows an increase in retained earnings from €800 to €3,790 after adding net income and deducting dividends of €450.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    2K views3 pages

    P1-2B 6081901141

    Uploaded by

    Mentari Anggari
    The document contains financial statements for Mandy Arnold, Attorney at Law Ltd for the month ending August 31, 2017. It includes a balance sheet showing assets of €14,100 consisting of equipment, supplies, accounts receivable and cash. Liabilities include notes payable and accounts payable totaling €4,310 and equity of €9,790 from share capital and retained earnings. The income statement shows revenues of €7,900 and expenses of €4,460 resulting in net income of €3,440. The retained earnings statement shows an increase in retained earnings from €800 to €3,790 after adding net income and deducting dividends of €450.

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    Mandy Arnold, Attorney at Law Ltd.

    ASSETS = LIABILITIES + EQUITY


    DATE CASH ACCOUNT SUPPLIES EQUIPMENT = NOTES ACCOUNT + SHARE RETAINED EARNING
    RECEIVABLE PAYABLE PAYABLE CAPITAL REVENUE EXPENSE
    31-Jul € 4,000.00 € 1,500.00 € 500.00 € 5,000.00 € 4,200.00 € 6,000.00 € 800.00

    1-Aug € 1,400.00 € (1,400.00)


    2-Aug € (2,700.00) € (2,700.00)
    3-Aug € 3,000.00 € 4,900.00 € 7,900.00
    4-Aug € (400.00) € 1,000.00 € 600.00
    5-Aug € (3,000.00) € (3,000.00)
    € (900.00) € (900.00)
    € (350.00) € (350.00)
    6-Aug € (450.00)
    7-Aug € 2,000.00 € 2,000.00
    8-Aug € 210.00 € (210.00)
    € 2,600.00 € 5,000.00 € 500.00 € 6,000.00### € 2,000.00 € 2,310.00 € 6,000.00 € 8,700.00 € (4,460.00)
    € 14,100.00 = € 14,100.00

    Mandy Arnold, Attorney at Law Ltd.


    Income Statement
    For the Month Ended August 31, 2017
    Revenues
    Service revenue € 7,900.00
    Expenses
    Salaries expense € 3,000.00
    Rent expense € 900.00
    Advertising expense € 350.00
    Utility expense € 210.00
    Total expenses € 4,460.00
    Net Income € 3,440.00
    Mandy Arnold, Attorney at Law Ltd.
    Retained Earnings Statement
    For the Month Ended August 31, 2017
    Retained earnings, August 1 € 800.00
    Add: Net income € 3,440.00
    € 4,240.00
    Less: Dividends € 450.00
    Retained earnings, August 31 € 3,790.00

    Mandy Arnold, Attorney at Law Ltd.


    Statement of Financial Position
    For the Month Ended August 31, 2017
    Assets
    Equipment € 6,000.00
    Supplies € 500.00
    Account Receivable € 5,000.00
    Cash € 2,600.00
    Total assets € 14,100.00
    Equity and Liabilities
    Equity
    Share capital-ordinary € 6,000.00
    Retained earnings € 3,790.00 € 9,790.00
    Liabilities
    Notes Payable € 2,000.00
    Account Payable € 2,310.00
    Total equity and liabilities € 14,100.00
    PAGE:

    RNING KETERANGAN
    DIVIDENT
    800.00

    Service revenue

    Salaries
    Rent
    Advertising Cost
    € (450.00)
    4months

    € (450.00)

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