Income Statement, Retained earnings & Balance Sheet
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Statement of Retained Earnings
What's On it: Retained Earnings, Dec 1st 2016 - (Plus) Net Income - (from Income Statement) (Less) Dividends - Retained Earnings, Dec. 31st 2016 -
Balance Sheet
What's On it: Assets: Cash Supplies Equipment (Less) Accumulated Depreciation Total Assets Liabilities: Accounts Payable Notes Payable Total Liabilities Equity: Common Stock Retained Earnings Total Liabilities & Equity: * Assets should = Total Liab. & Equity
Income Statement
What's On it: Revenues - Consulting Revenue Expenses - Rent Expense Salaries Expense Net Income - (Rev - Exp)