This automated form is made available compliments of CCH Business Owner's Toolkit
B&M
Balance Sheet
[12 / 30 / 2010]
Assets
Current Assets:
Cash $10,000
Accounts Receivable $0
Less: Reserve for Bad Debts 0 0
Merchandise Inventory 3,000
Prepaid Expenses 500
Notes Receivable 0
Total Current Assets $13,500
Fixed Assets:
Vehicles 4,000
Less: Accumulated Depreciation 0 4,000
Furniture and Fixtures 2,500
Less: Accumulated Depreciation 0 2,500
Equipment 1,000
Less: Accumulated Depreciation 0 1,000
Buildings 0
Less: Accumulated Depreciation 0 0
Land 0
Total Fixed Assets 7,500
Other Assets:
Goodwill 0
Total Other Assets 0
Total Assets $21,000
Liabilities and Capital
Current Liabilities:
Accounts Payable $0
Sales Taxes Payable 200
Payroll Taxes Payable 1,000
Accrued Wages Payable 4,000
Unearned Revenues 0
Short-Term Notes Payable 500
Short-Term Bank Loan Payable 0
Total Current Liabilities $5,700
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B&M
Balance Sheet
[12 / 30 / 2010]
Long-Term Liabilities:
Long-Term Notes Payable 0
Mortgage Payable 0
Total Long-Term Liabilities 0
Total Liabilities 5,700
Capital:
Owner's Equity 0
Net Profit 15,300
Total Capital 15,300
Total Liabilities and Capital $21,000
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