BALANCE SHEET
[Company Name]
As of: [Date]
Assets
Current Assets:
Cash $10
Accounts Receivable $20
Less: Reserve for Bad Debts 5 15
Merchandise Inventory 10
Prepaid Expenses 10
Notes Receivable 10
Total Current Assets $55
Fixed Assets:
Vehicles 100
Less: Accumulated Depreciation 10 90
Furniture and Fixtures 100
Less: Accumulated Depreciation 10 90
Equipment 100
Less: Accumulated Depreciation 10 90
Buildings 100
Less: Accumulated Depreciation 10 90
Land 1,000
Total Fixed Assets 1,360
Other Assets:
Goodwill 500
Total Other Assets 500
Total Assets $1,915
Liabilities and Capital
Current Liabilities:
Accounts Payable $100
Sales Taxes Payable 50
Payroll Taxes Payable 50
Accrued Wages Payable 100
Unearned Revenues 100
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BALANCE SHEET
[Company Name]
As of: [Date]
Short-Term Notes Payable 100
Short-Term Bank Loan Payable 100
Total Current Liabilities $600
Long-Term Liabilities:
Long-Term Notes Payable 200
Mortgage Payable 200
Total Long-Term Liabilities 400
Total Liabilities 1,000
Capital:
Owner's Equity 0
Net Profit 915
Total Capital 915
Total Liabilities and Capital $1,915
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