May-June, 2015 financial report

Income

• $151.23 donations
• -$13.75 June 13, 2015 tournament (lost money)

Total income: $137.48

Expenses

• $200 rent
• $20 other

Total expenses: $220

Net income: $-82.52

Assets

• $105.88 Bank account
• $280.85 Petty cash
• $28.96 Held by executives in trust
• $147.00 Equipment

Total assets: $562.69

No Liabilities

Equity

Year 1 retained earnings: $645.21
Year to date retained earnings: $-82.52

Total equity (net worth): $562.69
Net worth less equipment: $415.69