WorkSheet 2

TYPICAL BALANCE SHEET
				DATE:_______________________
ASSETS
Current Assets
Petty Cash				________________
Cash in Bank				________________
Accounts Receivable		____________		________________
Less: Allowance for Loss		____________		________________
Inventory				________________
Total Current Assets				________________

	Cost	Allowance for Depreciation	Book Value
FIXED ASSETS
Land	____________	____________	____________
Buildings	____________	____________	____________
Equipment	____________	____________	____________
Cars & Trucks	____________	____________	____________
Totals	____________	____________	____________
Total Assets				________________

LIABILITIES
Current Liabilities
Accounts Payable				________________
Bank Loans				________________
GST Payable				________________
Payments due 12 months (long term loans)				________________
Total Current Liabilities				________________

LONG TERM LOANS				________________
Shareholder's Loan				________________
Total Liabilities				________________

OWNER'S EQUITY
Investment		____________
Retained Earnings		____________
Total Owner's Equity				________________

TOTAL LIABILITIES AND OWNERS EQUITY				________________