Income & owners equity

• 
  

  ‌✓ (owner's name), CAPITAL amount of contributions of the owner to the business.

  ‌✓ (owner's name) DRAWING amount withdrawn by the owner from the assets of the business for personal use.

  ‌✓ SERVICE INCOME/SERVICE FEES - refers to services rendered to customers

  ‌✔INTEREST INCOME - refers to interest earned whether received in advance or as realized and/or not yet received.

  ‌✓ RENT INCOME refers to services of office space for clients

  ‌✔COMMISSION Income refers to services commission or percentage.