ask Team of FUNDAMENTAL ACCOUNTING School of Business Sun Yat-sen University according to operating, investing, and financing sources. Its coverage is best deferred until you have had a chance to progress further in your study of accounting a period of time in terms of the company's operating, investing, and financing activities ILLUSTRATIVE STATEMENTS The following portrays sample final statements for Beauty Photo Store Beauty photo store e January 31, 2005 Assets Liabilities Cas h s 8,400 Accounts payable S200 3, 600 Notes payable 6.000 26.000 Total liabilities S6,200 Owner’ s equity Wang Fang, capital 31800 Total liabilities and Total assets 38,000 owners equity S38,000 Beauty photo store Income State ment For Month Ended January 31. 2005 Revenues Sales revenue S3,800 Rental revenue Total S4,100 Operating Expenses: Rent S1.000 Salaries expense Total ope rating expenses 1,700 Net income S2,400Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University according to operating, investing, and financing sources. Its coverage is best deferred until you have had a chance to progress further in your study of accounting. This financial statement is used to explain how the cash flow statement presents the change in cash for a period of time in terms of the company's operating, investing, and financing activities. ILLUSTRATIVE STATEMENTS The following portrays sample final statements for Beauty Photo Store. Cash $ 8,400 Accounts payable $ 200 Supplies 3,600 Notes payable 6,000 Equipment 26,000 Total liabilities $ 6,200 Wang Fang, capital 31,800 Total assets $ 38,000 Total liabilities and owner's equity $ 38,000 Assets Owner's Equity Liabilities Beauty Photo Store Balance Sheet January 31,2005 Revenues: Sales revenue $ 3,800 Rental revenue 300 Total revenues $ 4,100 Operating Expenses: Rent expense $ 1,000 Salaries expense 700 Total operating expenses 1,700 Net income $ 2,400 Beauty Photo Store Income Statement For Month Ended January 31, 2005