J L Accounting

J & L Accounting, Inc.
Income Statement
For the Month Ending January 31, 2013

Revenues Service Revenues 8,375.00
Expenses
Advertising Expense 2,350.00 Rent Expense 1,000.00 Office Supplies Expense 75.00 Telephone Expense 660.00 Utilities Expense 2,925.00 Depreciation Expense 1,100.00 Total Expenses 8,110.00
Net Income 265.00

J & L Accounting, Inc.
Post-Closing Trial Balance
January 31, 2013

Balance Account Titles Debit Credit Cash, Business Checking 7,115.00 Accounts Receivable 3,750.00 Prepaid Rent 11,000.00 Vehicles 48,000.00 Accumulated Depreciation, Vehicles 13,000.00 Equipment 3,600.00 Accumulated Depreciation, Equipment 700.00 Accounts Payable Common Stock 38,000.00 Retained Earnings 21,765.00 Dividends Service Revenue Advertising Expense Rent Expense Office Supplies Expense Telephone Expense Utilities Expense Depreciation Expense Totals 73,465.00 73,465.00

J & L Accounting, Inc.
Balance Sheet
January 31, 2013

Assets Cash, Business Checking 7,115.00 Accounts Receivable 3,750.00 Prepaid Rent 11,000.00 Vehicles 48,000.00 Less: Accumulated Depreciation, Vehicles 13,000.00 35,000.00 Equipment 3,600.00 Less: