Revenues-Expenses=Net Income ie. Sales Revenue, Rent Expense, Wages Expense, Utilities Expense

Statement of Owners Equity

Beginning owners equity + Additional investments + Net income (or -net loss)-Withdrawals

Asset = Liabilities + Owners Equity

Statement of Cash Flows

+-Cash flows from Operating Activities +-Cash flows from Investing Activities +-Cash flows from Financing Activities Equals change in cash + Beginning balance Equals ending cash balance

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Statements

Accounting Statements

Question	Answer
Income Statement	Revenues-Expenses=Net Income ie. Sales Revenue, Rent Expense, Wages Expense, Utilities Expense
Statement of Owners Equity	Beginning owners equity + Additional investments + Net income (or -net loss)-Withdrawals
Balance Sheet	Asset = Liabilities + Owners Equity
Statement of Cash Flows	+-Cash flows from Operating Activities +-Cash flows from Investing Activities +-Cash flows from Financing Activities Equals change in cash + Beginning balance Equals ending cash balance