Ed's Bike Shop

Fill the grey area

Ed's Bike Shop January, 2015 Transactions ASSETS LIABILITIES REVENUE EXPENSES STOCKHOLDERS EQUITY Common Stock Cash Bike Parts A/P Bike Sales Rent Repair Parts Sold Stock for 10,000 10,000 10,000 Pruchased bike parts on account 2,500 2,500 2,500 Paid shop rent 700 (700) 700 Sold repair services 1,200 cash 1,200 1.200 Used repair parts 200 (200) 200 Paid 700 on account for bike parts (700) (700) 9,800 2,300 1,800 10,000 + 1,200 700 200 INCOME STATEMENT FOR MONTH ENDING JAN, 2015 REVENUE STATEMENT OF RETAINED EARNINGS FOR MONTH ENDING JAN, 2015 BEG BALANCE BALANCE SHEET January 31, 2015 ASSETS EXPENSES XXX DIVIDENDS TOTAL ASSETS XXX TOTAL EXP LIABILITIES XXX NET INCOME ENDING BALANCE RETAINED EARNINGS $ STOCKHOLDERS EQUITY Xxx XXX TOTAL STOCKHOLDER EQUITY $ - TOTAL LIAB & STOCKHLDR EQUITY $