DATE ASSETS

CASH BANK COMPUTER DISPLAY EQUIPMENT PRINTER

SEPTEMBER 01 750 5900
02 2000
03 -600 600
05 420
08 200 -200
15 -500
17 -420
24 -250
30 200
100 6780 600 420 200
8100
 = LIABILITIES + OWNER'S EQUITY
LOAN (BETTY) CLEARCOURT SDN BHD JOSHUA CAPITAL
6650
2000

420

-500
-420
-250
200
1250 0 200 6650
8100
 MR. GEORGE
TRIAL BALANCE AS AT 31 DECEMBER 2016

ACC.NO DESCRIPTION DEBIT CREDIT

1001 CASH 7,500
2001 ACCOUNTS PAYABLE 11,400
3001 CAPITAL 16,000
3002 DRAWING 5,400
4001 ADMISSION TICKET PRICE 34,200
4002 NOTES PAYABLE 1,000
5001 EQUIPMENT 18,500
5002 FILM RENTAL EXPENSE 6,000
5003 MISCELLANEOUS EXPENSE 4,000
5004 RENT EXPENSE 10,000
5005 SALARIES EXPENSE 7,000
5006 SUPPLIES 4,200
62,600 62,600
 MR. GEORGE
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2016
Revenues:
Admission Ticket Price 34,200
34,200

(-)Expenses :
Equipment 18,500
Film Rental 6,000
Miscellaneous Expense 4,000
Rent Expense 10,000
Salaries Expense 7,000
Supplies 4,200
(49,700)
NET INCOME (15,500)
 MR. GEORGE
BALANCE SHEET AS AT 31 DECEMBER 2016
CURRENT ASSETS
Cash 7500

CURRENT LIABILITIES
Notes Payable 1000

NON-CURRENT LIABILITIES
Account Payable 11400

NET ASSETS -4900

OWNER EQUITY
Capital 16000
Drawing -5400
10600

Net Income -15500

-4900