Balance Sheet of

JOHN NEWMAN

For Year Ending December 31, 1906.

Ledger

Trial Balance

Financial Accts.

Speculative Accts.

Titles

Dr.

Cr.

Resor.

Liab.

Loss

Gain

Real Estate ....

$30000.

$30000.

Furniture

360.

360.

Gen. Expense ..

225.

$225.

Opr. Expense ..

560.

560.

Taxes & Ins. ..

150.

150.

480.

480.

Bills Recvb.....

900.

900.

Accts. Recvb. ..

38.75

38.75

Cash......___

871.25

871.25

J. N's Capital Acc't........

$21778.

Bills Paybl.....

8000.

$8000.

Voucher Acct...

35.

35.

Commissions ..

1222.

$1222

2550.

2550

$33585.

(33585.

$32170.

$8035.

$1415.

$3772.

Total gains..............................................................................................

$3772

Total losses............................................................................................

1415.

Net gain for year.........................................................................

$2357.

Total resources.......................................................................................

$32170.

Total liabilities.......................................................................................

8035.

Present worth.........................................................................................

24135.

John Newman's Net Investment............................................................

21778.

Net gain.....................................................................................

$2357.

Dividing $2357 by 1% of $21778 (or $217.78) gives .1082 as rate per cent of earnings for year.