Bob Brown DDS
Income Statement
Month of September, 19xx
Service revenue		$     25,000
Dental supplies expense		$      3,500
Salaries expense		$      7,000
Rent expense		$      2,000
Utilities expense		$         700
Total expenses		$     13,200
Net Income		$     11,800
Bob Brown DDS
Retained Earnings Statement
As of September 30, 19xx
Retained earnings. Sep 1, 19xx		$     12,000
Net Income		$     11,800
Dividends		$     (6,000)
Retained earnings. Sep 30, 19xx		$     17,800
Bob Brown DDS
Balance Sheet
September 30, 19xx
Assets
Cash		$      8,000
Accounts receivable		$     14,000
Dental supplies		$      2,800
Equipment		$     30,000
Total assets		$     54,800
Liabilities
Accounts payable		$      7,000
Owner equity
Common stock		$     30,000
Retained earnings		$     17,800
Total owner equity		$     47,800
Total liabilities & Owner equity		$     54,800