October 12, 2007, Newsletter Issue #186: Sample Balance Sheet
Tip of the Week
ASSETS
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
Other Assets:
-Goodwill
Total Other Assets
TOTAL ASSETS
~~~~~~~~~~~~~~~~~~~~~
LIABILITIES & CAPITAL
Current Liabilities:
-Accounts Payable
-Sales Taxes Payable
-Payroll Taxes Payable
-Accrued Wages Payable
-Unearned Revenues
-Short-Term Notes 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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