1. USING THE FOLLOWING INFORMATION FROM THE RWB COMPANY, PREPARE A SHEET BALANCE: LIABILITIES $ 74,000 EQUITY $ 40,000 ASSETS $ 114,000

2. PREPARE AN INCOME STATEMENT FOR THE ONLINE COMPANY: REVENUES $ 58,000 EXPENSES $ 30,000 NET INCOME $ 28,000

3.

USING THE FOLLOWING INFORMATION FROM COMEX CO. PREPARE STAMENT OF OWNERS EQUITY:

C. TEX, CAPITAL, DEC 31, 2011 $ 47,000

C. TEX, WITHDRAWALS $ 8,000

C. TEX, CAPITAL, DIC. 31, 2010 49,000

NET INCOME 6,000