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
Business / Business Administration / Financial Management / Financial Accounting / Financial Statement
[ Balance sheet ] [ Changes in Equity ] [ Profit and Loss (P&L) ] [ Cash Flow ]
[ Accounting Equation ] [ Current Assets ] [ Fixed Assets ][ Equity ]
[ Liabilities ] [ Current Liabilities ][ Long-Term Liabilities ]