assets

date
1-Apr
2-Apr
2-Apr
4-Apr
6-Apr
8-Apr
12-Apr
13-Apr
16-Apr

cash
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,000
2,500
12,500
(1,000)
11,500
(100)
11,400
(750)
10,650
(800)
9,850
(300)
9,550
(100)
9,450
350
9,800

22-Apr
9,800
500
10,300
(240)
10,060
1,000
11,060
(400)
10,660
(350)
10,310

$
30-Apr $
$
30-Apr $
$
30-Apr $
$

10,310
(150)
10,160
(800)
9,360
(300)
9,060

29-Apr
30-Apr
30-Apr
30-Apr

account
payable

supplies

$
$

350
350

$
$

250
250

350

250

350

250

350

350

$
$
$

250
(100)
150

350

150

350

150

1,350 $

350

150

1,350 $

350

150

1,350 $

350

150

1,350 $

350

150

350
(180)
170

150

1,350 $
$
1,350 $

150

1,350 $

170

150

1,350

170

150

1,350

170

150

$
$
$
$
$
$
$
$
$
$
$
$

25-Apr

receivable

liabilites

30-Apr

1,350

owner's equity
kris payne
capital
$
$

kris payne
drawing

music
expense

fees earned

office rent equipment

expense rent expense

10,000
10,000

$
$

2,500
2,500

10,000

2,500

$ (1,000)
$ (1,000)

10,000

2,500

$ (1,000)

10,000

2,500

$ (1,000)

10,000

2,500

$
$ (1,000) $

(800)
(800)

(300)
(300) $ (1,000) $

(800)

(300) $ (1,000) $

(800)

(300) $ (1,000) $

(800)

(300) $ (1,000) $

(800)

$
$
4,700 $
1,000
5,700 $

(300) $ (1,000) $
(240)
(540) $ (1,000) $

(800)

(540) $ (1,000) $

(800)

10,000

$
2,500 $

10,000

10,000

10,000

10,000

$
$
$
$
$
$
$

2,500
350
2,850
1,350
4,200
500
4,700

10,000

10,000

$
$
$

10,000

5,700 $

(540) $ (1,000) $

(800)

10,000

5,700 $

(540) $ (1,000) $

(800)

10,000

5,700 $

(540) $ (1,000) $

(800)

10,000

10,000

(540) $ (1,000) $
(800)
(1,340) $ (1,000) $

(800)

5,700 $
$
5,700 $

$
10,000 $

(300)
(300) $

5,700 $

(1,340) $ (1,000) $

(800)

(800)

(800)

equity
advertising
expense

wages
expense

utilities
expense

supplies
expense

misc.
expense

$
$

(750)
(750)

(750)

(750)

(750)

(750)

(750)

(750)

(750)

(750)

$
(750) $

(400)
(400)

(750) $

$
(400) $

(350)
(350)

(400) $

$
(350) $

(180)
(180)
(150)
(150)

(750) $

(750) $

(400) $

(350) $

$
(180) $

(750) $

(400) $

(350) $

(180) $

(150)

(750) $

(400) $

(350) $

(180) $

(150)

Dancin Music
Income Statement
For the Month Ended April 30,2008
Fees Earned
Operating Expenses:
Music Expense
Office Rent Expense
Equipment Rent Expense
Advertising Expense
Wages Expense
Utilities Expense
Supplies Expense
Misc. Expense

$
(1,340)
$
(1,000)
$
(800)
$
(750)
$
(400)
$
(350)
$
(180)
$
(150)

Total Operating Expenses

Net Income

Dancin Music
Statement Of Owner's Equity
For The Month Ended April 30,2008
Dancin Music, Capital, April 1,2008
Investment on April 30,2008
$
10,000
Net Income for April
$
730

$
10,730
Less withdrawals
$
(300)

Increase in owner's equity

Dancin Music, Capital, April 30,2008

Dancin Music
Balance Sheet
April 30,2008
Asset
Cash
Account Receivable
Supplies

$
9,060
$
1,350
$
170

Total Assets

10,580

sic

30,2008
$

5,700

$
(4,970)

$
730

quity
30,2008
$

$
$

10,430
10,430

n Music
e Sheet
30,2008
Liabilities
Accounts Payable
$
150
Owner's Equity
Dancin Music Capital
$
10,430

Total Liabilities and

Owner's Equity

10,580