Quible Security Systems Income Statement Year Ended December 31, 2010 $XXX,XXX $XX,XXX $XXX,XXX...

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Quible Security SystemsIncome Statement

Year Ended December 31, 2010

$XXX,XXX

$XX,XXX

$XX,XXX

$XX,XXX

$XXX,XXX

$XX,XXX

REVENUES:

Service Revenue

EXPENSES:

Salary expense

Rent expense

Advertising expense

TOTAL EXPENSES

NET INCOME

Quible Security SystemsStatement of Owner’s Equity

Year Ended December 31, 2010

$XXX,XXX

XX,XXX

XXX,XXX

$(XX,XXX)

$XXX,XXX

S. Quible, capital, Dec. 31, 2010

S. Quible, capital, Dec. 31, 2011

Add: Net income for year

Less: Withdrawals by owner

Quible Security SystemsBalance Sheet

Year Ended December 31, 2010

ASSETS

OWNER’S EQUITY

LIABILITIES

Cash

Accounts Receivable

Land

Furniture

Building

Accounts payable

Note Payable

Salary Payable

Total Liabilities

S. Quible, capital Total liabilities and owner’s equity

Total Assets

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