I have added Below my balance sheet and income statement now the statement of owners equity is the beginning capital 28,2800 plus the net income 21,550 which is 49,750 less withdrawals 5,000 equals 44,750 which does not equal my assets. I cannot figure out what I am doing wrong. Balance Sheet Assets: Cash $21,500 Accounts Receivable 17,500 Office Supplies 500 Equipment 15,000 Total Assets 54,500 Liabilities Accounts Payable 9,750 Total Liabilities 9,750 Owner's Equity Raya Page, Beg. Capital 28,200 Raya Page, End. Capital 37,950 Income Statement Planning Fees Income $26,250 Total Income $26,250 Less: Office Supplies Expenses $200 Rent Expense 800 Salaries Expense 3,000 Utilities Expense 700 Total Expenses (4,700) Net Income $21,550