I'm guessing here, but let's suppose that your assets are worth $5000 and you contributed them to the LLC when it was formed. You've done some business in the one month of going live and have $2000 income less $1000 expenses, for a net income of $1000.
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.
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