glorian portrait studios, incorporated balance sheet may 31, 2007
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Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets
Cash $13,500
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets
Cash $13,500Accounts Receivable 12,000
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets
Cash $13,500Accounts Receivable 12,000 Supplies 6,800
_______
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets
Cash $13,500Accounts Receivable 12,000 Supplies 6,800
_______
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500Accounts Receivable 12,000 Supplies 6,800
_______
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500 Liabilities:Accounts Receivable 12,000 Supplies 6,800
_______
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500 Liabilities:Accounts Receivable 12,000 Accounts PayableSupplies 6,800
_______
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500 Liabilities:Accounts Receivable 12,000 Accounts Payable $ 6,000Supplies 6,800
_______
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500 Liabilities:Accounts Receivable 12,000 Accounts Payable $ 6,000Supplies 6,800 Total Liabilities $ 6,000
_______
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500 Liabilities:Accounts Receivable 12,000 Accounts Payable $ 6,000Supplies 6,800 Total Liabilities $ 6,000
Stockholders’ Equity:
_______
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500 Liabilities:Accounts Receivable 12,000 Accounts Payable $ 6,000Supplies 6,800 Total Liabilities $ 6,000
Stockholders’ Equity: Capital Stock
_______
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500 Liabilities:Accounts Receivable 12,000 Accounts Payable $ 6,000Supplies 6,800 Total Liabilities $ 6,000
Stockholders’ Equity: Capital Stock $ 7,500
_______
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500 Liabilities:Accounts Receivable 12,000 Accounts Payable $ 6,000Supplies 6,800 Total Liabilities $ 6,000
Stockholders’ Equity: Capital Stock $ 7,500
_______ Retained Earnings
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500 Liabilities:Accounts Receivable 12,000 Accounts Payable $ 6,000Supplies 6,800 Total Liabilities $ 6,000
Stockholders’ Equity: Capital Stock $ 7,500
_______ Retained Earnings 18,800
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500 Liabilities:Accounts Receivable 12,000 Accounts Payable $ 6,000Supplies 6,800 Total Liabilities $ 6,000
Stockholders’ Equity: Capital Stock $ 7,500
_______ Retained Earnings 18,800Total Stock. Equity $26,300
Total Assets $32,300
Glorian Portrait Studios, IncorporatedBalance SheetMay 31, 2007
Assets Liabilities and Stockholders’ Equity
Cash $13,500 Liabilities:Accounts Receivable 12,000 Accounts Payable $ 6,000Supplies 6,800 Total Liabilities $ 6,000
Stockholders’ Equity: Capital Stock $ 7,500
_______ Retained Earnings 18,800Total Stock. Equity $26,300
Total Assets $32,300 Total Liab. And Stock. Equity $32,300