SSB - 500 Land 25,000 Office Equipment 10,000 Accumulated...

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SSB Income Statement For Month Ended 11/31/2010 Revenues: Sales Revenue 0 Interest Revenue 0 Total Revenues 0 Expenses: Supplies Expense 100 Depreciation Expense-Office Equipment 167 Rent Expense 100 Payroll Expense-Office 2300 Miscellaneous Expense 5000 Total Expenses 7667 Net Loss (7667)
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SSB Balance Sheet 11/30/2010 Assets Grand Rapids Freeloaders Bank 31,800 Pre-Paid Expense Rent 500 Pre-Paid Expense Supplies
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Unformatted text preview: 500 Land 25,000 Office Equipment 10,000 Accumulated Depreciation Office Eq. (167) Total Assets 67,663 Liabilities and Stockholders Equity Long Term Notes Payable 25,000 Accrued Salaries and Wages 300 Total Liabilities 25,300 Owners Equity Common Stock 50,000 Retained Earnings (7,667) Total Owners Equity 42,333 Total Liabilities and Owners Equity 67,663...
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This note was uploaded on 04/11/2011 for the course STA 215 taught by Professor Tba during the Fall '08 term at Grand Valley State University.

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SSB - 500 Land 25,000 Office Equipment 10,000 Accumulated...

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