In general, when you start a new company, you contribute cash and/or assets in return for capital/equity in the company.
Your balance sheet should reflect the Assets (cash or fixed assets) and Equity (the value of what was contributed). Properly entered, this is a balanced entry.
Your balance sheet would be:
Fixed Assets $5000
Owners Equity $6000 (contributed assets plus net income)
Retained Earnings <$1000> (net income)
You may need to try different entries in owners equity to bring the balance sheet into balance.
Fixed Assets $100,000
Owners Equity $110,000
Retained Earnings <$10,000>
Assets = Liabilities (if you have any) + Owners Equity + Retained Earnings