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Cookie Creations' income statement for November 2015 showed revenues of $10,000 and expenses of $1,000, resulting in net income of $9,000. Their statement of owner's equity for the same period showed that the owner initially invested $5,000 and earned $9,000 in net income during November, bringing the total owner's equity to $14,000 at the end of the month.

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0% found this document useful (0 votes)
62 views

ccc3 5

Cookie Creations' income statement for November 2015 showed revenues of $10,000 and expenses of $1,000, resulting in net income of $9,000. Their statement of owner's equity for the same period showed that the owner initially invested $5,000 and earned $9,000 in net income during November, bringing the total owner's equity to $14,000 at the end of the month.

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cooKtE cREATlof.

ts
lncome Statement
For the Month Ended November 30, 2015

10
1

GOOKIE CREATIOTTIS
Statement of Ovnefs Equty
For the Month Ended November 30. 2015

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