Scenic Tours Limited

Financial Position Worksheet

As of June 30, 2014
Rsources

Assets

Cash Account Receivable

(7,200.00) Office Equipment

(9,000.00) 1800
(800.00) (30.00)
(1,200.00)
(1,100.00) Prepaid Insurance
32,100.00 6,600.00
(1,800.00)
10,000.00 Buses
(10,000.00) 140000
70,000.00 (1,166.67)
(140,000.00) Accounts recievable
62,000.00 4,000.00

Office asset
850.00

Scenic Tours Limited

Balance Sheet
As of June 30, 2014
Asset
Current Asset
Cash 3,000.00
 Account Receivable 4,000.00
Office Supplies 850.00
Prepaid Insurance 6,600.00
Total
Fixed Assets
Office Equipment 1,800.00
Office Equipment Depreciation (30.00)
Bus 140,000.00
Bus depreciation (1,166.67)
Total Assets
LIABILITIES
Current Liabilities
Account Payable 16,166.67
Bank Interest Payable 310.00
Long Term Liabilities
Note Payable 64,000.00
Total
Share Holders' Equity
Capital
Contributed Capital 70,000.00
Retained Earning 4,576.66
Total
Total Liabilities & Shareholders' Equity

Scenic Tours Limited

Statement of Financial Position
For the month ended June 30, 2014
Beginning Balance 0.00
Plus: Net Income 4,576.66

Less: Dividend 0.00

Ending Balance 4,576.66

Scenic Tours Limited

Statement of Income
for the month ended June 30th, 2014
Revenue
Terminator Revenue
Gross Margin
General and Administration Expenses
Salaries 9,000.00
Bus Driver Cost 12,000.00
Insurance 600.00
Expenses 8,250.00
Bus Rent 166.67
Depreciation 1,196.67
Total Expenses
Earnings before Interest
Interest
Net Income
 Scenic Tours Limited
Financial Position Worksheet
As of June 30, 2014
Claim to Resources

Liabilities (By Non- Owners)

Account Payable Notes Payable

10000 62000
4,000.00 310
2,000.00 2000
166.67
Equity (By Owner)
Contributed capital Earned Capital
(600.00)
Share Capital 32,100.00
70000 (310.00)
(12,000.00)
4,000.00
(4,000.00)
(2,000.00)
(9,000.00)
(800.00)
(1,100.00)
(350.00)
(1,166.67)
(30.00)
166.67

ted
t
014
 14,450.00

155,053.33

80,476.67
uity

74,576.66
155,053.33

ted
me
e 30th, 2014
32,100.00
4,000.00
36,100.00

31,213.34
4,886.66
310.00
4,576.66