Sheet1

Neil

Swan Dry Cleaners

Accounting Equation Report
As Of 07/01/10

Account Classification Description Amount

Cash Asset Balance Forward 17000

Transaction 17000
Transaction 25000
Transaction -24000
Transaction 19500
Transaction -3000
New Balance 51500

Accounts Receivable Asset Balance Forward 31000

Transaction 31000
New Balance 62000

Supplies Asset Balance Forward 3200

Transaction 3200
New Balance 6400

Land Asset Balance Forward 36000

Transaction 36000
Transaction 24000
New Balance 96000

Accounts Payable Liability Balance Forward 10400

Transaction 10400
New Balance 20800

Peyton Keyes, Capital Owner's Equity Balance Forward 76800

Transaction 76800
Transaction 25000
New Balance 178600

Peyton Keyes, Drawing Owner's Equity Balance Forward 0

New Balance 0

Income Summary Owner's Equity Balance Forward 0

New Balance 0

Dry Cleaning Sales Revenue Balance Forward 0

Transaction 19500
New Balance 19500

Dry Cleaning Expense Expense Balance Forward 0

New Balance 0

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Wages Expense Expense Balance Forward 0
New Balance 0

Rent Expense Expense Balance Forward 0

Transaction -3000
New Balance -3000

Supplies Expense Expense Balance Forward 0

New Balance 0

Truck Expense Expense Balance Forward 0

New Balance 0

Utilities Expense Expense Balance Forward 0

New Balance 0

Miscellaneous Expense Expense Balance Forward 0

New Balance 0

Assets = 215900
Liabilities + Equity = 221900
Equation out of Balance

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