XYZ Balance Sheet as of xx,xx,xxxx   Assets Current Assets Cash 23,800 Petty Cash 500 Accounts Receivable 20,000 Allowance for Uncollectible Accounts -8,000 Prepaid Expenses 2,000 Supplies Inventory 1,500 Total Current Assets 39,800     Property & Equipment Land 50,000 Buildings 125,000 Accumulated Depreciation-Buildings -9,000 Delivery Truck 45,000 Accumulated Depreciation-Delivery Truck -10,000 Total Property & Equipment 201,000     Total Assets 240,800     Liabilities & Equity     Liabilities Current Liabilities Accounts Payable 9,400 Accrued Expenses 5,000 Accrued Wages 4,400 Note Payable-Current 10,000 Total Current Liabilities 28,800     Long Term Liabilities Note Payable-Long Term 40,000     Total Liabilities 68,800     Capital Common Stock 60,000 Retained Earnings 112,000 Total Capital 172,000     Total Liabilities & Equity 240,800

XYZ Income Statement for Period xx,xx,xxxx thru xx,xx,xxxx     Delivery Revenues 158,000 Delivery Expenses 51,000 Salaries & Wages Expenses 40,000 Other Expenses 5,000 Total Expenses 96,000 Net Income 62,000 XYZ Capital for Period xx,xx,xxxx thru xx,xx,xxxx     Beginning Common Stock 45,000 Stock Issued 15,000 Ending Common Stock 60,000 Beginning Retained Earnings 55,000 Less: Dividends 5,000 Plus: Net Income 62,000 Ending Retained Earnings 112,000