Typical Balance Sheet |
Date: |
| ASSETS |
|
|
|
|
CURRENT ASSETS |
$ |
|
|
|
| Petty Cash |
|
|
|
200.00 |
| Cash in Bank |
|
|
|
5,500.00 |
| Account Recievable |
10,000 |
|
|
|
| Less: Allowance for Loss |
1,000 |
|
|
9,000.00 |
| Inventory |
|
|
|
8,000.00 |
| Total Current Assets |
|
|
|
$22,700.00 |
| |
|
|
|
|
FIXED ASSETS |
Cost |
Allowance for Depreciation |
Book Value |
|
| Land |
5,000.00 |
|
5,000.00 |
|
| Buildings |
25,000.00 |
2,500.00 |
22,000.00 |
|
| Equipment |
10,000.00 |
2,000.00 |
8,000.00 |
|
| Cars & Trucks |
9,000.00 |
2,700.00 |
6,300.00 |
|
| Totals |
$48,000.00 |
$7,200.00 |
$41,800.00 |
$41,800.00 |
| Total Assets |
|
|
|
$64,500.00 |
| |
|
|
|
|
| LIABILITIES |
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
| Accounts Payable |
|
|
|
2,000.00 |
| Bank Loans |
|
|
|
4,000.00 |
| GST Payable |
|
|
|
500.00 |
| Payments due 12 months (long term loans) |
|
|
|
4,800.00 |
| Total Current Liabilities |
|
|
|
$11,300.00 |
| |
|
|
|
|
| LONG TERM LOANS |
|
|
|
20,000.00 |
| SHAREHOLDER'S LOAN |
|
|
|
20,000.00 |
| Total Liabilities |
|
|
|
$51,300.00 |
| |
|
|
|
|
| OWNER'S EQUITY |
|
|
|
|
INVESTMENT |
10,000.00 |
|
|
|
| Retained Earnings |
3,200.00 |
|
|
|
| Total Owner's Equity |
|
|
|
$13,100.00 |
| |
|
|
|
|
TOTAL LIABILITIES AND
OWNER'S EQUITY |
|
|
|
$64,500.00 |
