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Financial statement that shows the changes in cash value of Shareholders' Equity, Assets, owned by Business and Liabilities imposed on the Business over the Accounting Period.
| Assets (current) | Liabilities and Owners' Equity | |||
|---|---|---|---|---|
| Cash | $6,600 | Liabilities | ||
| Accounts Receivable | $6,200 | Notes Payable | $5,000 | |
| Assets (non-current) | Accounts Payable | $25,000 | ||
| Tools and equipment | $25,000 | Total liabilities | $30,000 | |
| Owners' equity | ||||
| Capital Stock | $7,000 | |||
| Retained Earnings | $800 | |||
| Total owners' equity | $7,800 | |||
| Total | $37,800 | Total | $37,800 | |
See also
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Business / Business Administration / Financial Management / Financial Accounting / Financial Statement
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