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Oriole Company Balance Sheet February 28,2021 |
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Assets | Amount | Liabilities and Owner's Equity | Amount |
Cash | 9,428.00 | Liabilities: | |
Accounts receivable | 5,309.00 | Notes payable | 25,973.00 |
Land = 90,933 - 9428 -5309-41343 | 34,853.00 | Accounts payable = 43,721 - 25,973 | 17,748.00 |
Building and Equipment | 41,343.00 | Total Liabilities | 43,721.00 |
Mr Oriole Capital = 90,933 - 43,721 | 47,212.00 | ||
Total Assets = Same as Total Liab and Equity | 90,933.00 | Total Liabilities and Owners Equity | 90,933.00 |
Oriole Company Income Statement Year Ended February 28,2021 |
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Revenues | |||
Service revenues | 94,815.00 | ||
Expenses: | |||
Salaries expense | 31,982.00 | ||
Other expenses = 59437 - 31982 -1340 | 26,115.00 | ||
Supplies expense | 1,340.00 | ||
Total expenses | 59,437.00 | ||
Profit = 94815 - 59437 | 35,378.00 | ||
Oriole Company Statement of owner's Equity Year Ended February 28,2021 |
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Mr Oriole Capital March 01'2020 | 21,824.00 | ||
Add Investments = 62432 - 21824 - 35378 | 5,230.00 | ||
Profit = Refer Income statement | 35,378.00 | ||
62,432.00 | |||
Less Mr Oriole drawings = 62432 - 47212 | 15,220.00 | ||
Mr Oriole Capital Feb 28'2021 - Refer BS | 47,212.00 | ||
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