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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