| Global Services, Inc. | ||
| Income statenet | ||
| On June 1, 20D | ||
| Particular | Amount in $ | Amount in $ |
| Revenue | ||
| Consultin fees | 14200 | |
| Total Revenue | 14200 | |
| Expenses | ||
| Depriciation Expenses | 500 | |
| Office supplies expenses | 400 | |
| Rent Exp | 2600 | |
| Salary Exp | 6800 | |
| Telepone Exp | 350 | |
| Total Exp | 10650 | |
| Net Income | 3550 | |
| Global Services, Inc. | |||
| Statement of stockholders’ equity | |||
| On June 1, 20D | |||
| Particular | Common Staock | Retained Earning |
Total Share holder Equity |
| Beging Balance | 30,000 | 30,000 | |
| Net income | 3550 | 3550 | |
| Less :Devidend paid | -2300 | -2300 | |
| 31,250 | |||
| Global Services, Inc. | ||
| Balance sheet | ||
| June , 20D | ||
| Particular | Amount in $ | Amount in $ |
| Assets | ||
| Current Assets | ||
| Cash | 8000 | |
| Account Receivable | 4200 | |
| Total Current Assets | 12200 | |
| Long Term Assets | ||
| Proerty , Plant and assets | ||
| Office Equipment | 20000 | |
| Less : Accumulated Depriciation | -500 | |
| Office supplies | 750 | |
| 20250 | ||
| 32450 | ||
| Liabelity | ||
| Cuuernt Liabelity | ||
| Accounts Payable | 1200 | |
| 1200 | ||
| Long term Liabelity | ||
| Share Holder’s equity | 31250 | |
| 32450 | ||
