BUSINESS SOLUTIONS

Comparative Balance Sheets

March $31,2022$

December $31,2021$

Assets

Cash

$ $84,787$

$ $57,872$

Accounts receivable

$24,267$

$5,068$

Inventory

$614$

$0$

Computer supplies

$2,055$

$540$

Prepaid insurance

$1,070$

$1,605$

Prepaid rent

$815$

$815$

Total current assets

$113,608$

$65,900$

Office equipment

$7,400$

$7,400$

Accumulated depreciation$$Office equipment

$(780)$

$(390)$

Computer equipment

$19,100$

$19,100$

Accumulated depreciation$$Computer equipment

$(2,420)$

$(1,210)$

Total assets

$ $136,908$

$ $90,800$

Liabilities and Equity

Accounts payable

$ $0$

$ $1,130$

Wages payable

$935$

$510$

Unearned computer service revenue

$0$

$1,900$

Total current liabilities

$935$

$3,540$

Equity

Common stock

$112,000$

$79,000$

Retained earnings

$23,973$

$8,260$

Total liabilities and equity

$ $136,908$

$ $90,800$