Sample Balance Sheet
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Sample Balance Sheet
*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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| Mary White |
