September 28, 2007, Newsletter Issue #184: Sample Balance Sheet

Tip of the Week

*CURRENT ASSETS:
Cash
Accounts Receivable
Less:
Reserve for Bad Debts
Merchandise Inventory
Prepaid Expenses
Notes Receivable
*TOTAL CURRENT ASSETS

*FIXED ASSETS:
Vehicles
Less: Accumulated Depreciation
Furniture and Fixtures
Less: Accumulated Depreciation
Equipment
Less: Accumulated Depreciation
Buildings
Less: Accumulated Depreciation
Land
*TOTAL FIXED ASSETS

**TOTAL ASSETS

*LIABILITIES & CAPITAL
Current Liabilities:
Accounts Payable
Sales Taxes Payable
Payroll Taxes Payable
Accrued Wages Payable
Unearned Revenues
Short-Term Notes Payable
Short-Term Bank Loan Payable
Total Current Liabilities

*LONG-TERM LIABILITIES
Long-Term Notes Payable
Mortgage Payable
Total Long-Term Liabilities

*TOTAL LIABILITIES

*CAPITAL:
Owner´s Equity
Net Profit
*TOTAL CAPITAL

**TOTAL LIABILITIES & CAPITAL

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