Filter Criteria includes: Report order is by ID. Report is printed in Detail Format.
Account ID Account Description Debit Amt Credit Amt
1020 Fifth Street Bank 40,993.82
1100 Accounts Receivable 15,900.00
1400 Prepaid Rent 2,000.00
1450 Supplies 3,250.00
1500 Computer Equipment 13,225.87
1510 Furniture and Fixtures 15,000.00
1520 Automobile 21,500.00
1900 Accum. Depreciation – Comp Eqt 353.50
1910 Accum. Depreciation – Furn&Fix 166.67
1920 Accum. Depreciation – Automobi 358.33
2000 Accounts Payable 11,200.00
2500 Notes Payable 5,700.00
3920 Marcia Westcott, Capital 90,700.00
6850 Service Charge Expense 25.00
7050 Deprec Exp – Comp Eqt 353.50
7060 Deprec Exp – Furn&Fix 166.67
7070 Deprec Exp – Automobile 358.33
7400 Postage Expense 49.00
Marcia Westcott, Accounting
Adjusted Trial Balance
As of Dec 31, 2019
5/14/2020 at 10:56 PM Page: 1
ASSETS
Current Assets
Fifth Street Bank 40,993.82$
Accounts Receivable 15,900.00
Accum. Depreciation – Furn&Fix (166.67)
Accum. Depreciation – Automobi (358.33)
Total Property and Equipment 48,847.37
Marcia Westcott, Accounting
Balance Sheet
December 31, 2019
Notes Payable 5,700.00
Total Current Liabilities 16,900.00
Long-Term Liabilities
Total Long-Term Liabilities 0.00
Total Liabilities 16,900.00
Capital
Marcia Westcott, Capital 90,700.00
Net Income 3,391.19
Total Capital 94,091.19
Total Liabilities & Capital 110,991.19$
Current
Month Year to
Date
Revenues
Accounting Fees 15,000.00$ 100.00 15,000.00$ 100.00
Total Revenues 15,000.00 100.00 15,000.00 100.00
Cost of Sales
Total Cost of Sales 0.00 0.00 0.00 0.00
Gross Profit 15,000.00 100.00 15,000.00 100.00
Expenses
Wages Expense – Adm Asst 5,000.00 33.33 5,000.00 33.33
Postage Expense 49.00 0.33 49.00 0.33
Total Expenses 11,608.81 77.39 11,608.81 77.39
Net Income 3,391.19$ 22.61 3,391.19$ 22.61
Marcia Westcott, Accounting
Income Statement
For the Twelve Months Ending December 31, 2019
Current
Month Year to
Date
Cash Flows from operating activities
Net Income 3,391.19$ 3,391.19$
Adjustments to reconcile net
income to net cash provided
by operating activities
Accum. Depreciation – Comp Eqt 353.50 353.50
Accum. Depreciation – Furn&Fix 166.67 166.67
Accum. Depreciation – Automobi 358.33 358.33
Accounts Receivable 1,500.00 (15,900.00)
Prepaid Rent 2,000.00 (2,000.00)
Supplies 50.00 (3,250.00)
Accounts Payable 0.00 11,200.00
Net cash used in investing (625.87) (49,725.87)
Cash Flows from financing activities
Proceeds From
Marcia Westcott, Accounting
Statement of Cash Flow
For the twelve Months Ended December 31, 2019
5/14/2020 at 10:56 PM Unaudited – For Internal Use Only.
Current
Month Year to
Date
Marcia Westcott, Capital 0.00 90,700.00
Used For
Net cash used in financing 0.00 90,700.00
Net increase <decrease> in cash 4,493.82$ 40,993.82$
Summary
Cash Balance at End of Period 40,993.82$ 40,993.82$
Cash Balance at Beg of Period (36,500.00) 0.00
Net Increase <Decrease> in Cash 4,493.82$ 40,993.82$
5/14/2020 at 10:56 PM Unaudited – For Internal Use Only.
Beginning Retained Earnings 0.00$
Adjustments To Date 0.00
Net Income 3,391.19
Subtotal 3,391.19
Ending Retained Earnings 3,391.19$
Marcia Westcott, Accounting
Statement of Retained Earnings
For the Twelve Months Ending December 31, 2019
5/14/2020 at 10:56 PM For Management Purposes Only