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Portable Network Graphic  |  1992-03-19  |  4.8 KB  |  640x480  |  1-bit (2 colors)
   ocr: A Package of Accounting Reports Balance Sheets Assets As of Feb. 1 As ofFeb.28 Cash 4,000 1,300 Accounts Receivable 0 1,600 Equipment 2,000 3,400 Furniture 5,000 5,000 Prepaid expenses 0 1,100 TOTAL ASSETS $11,000 $12,400 LIABILITIES AND EQUITY Liabilities: Accounts Payable - 1,000 $1,500 Accrued Salaries 0 300 Total liabilities 1,000 1,800 Equity: Paid-in capital 1 10,000 - 10,000 Retained earnings 0 600 Total equity $10,000 $11,100 Total liabilities and equity$11,000 - 12,000