CURRENT ASSETS CURRENT LIABILITIES Cash Accounts payable

OPENING DAY BALANCE SHEET FOR ABC COMPANY CURRENT ASSETS Cash Receivables Inventory Prepaid Expenses TOTAL CURRENT ASSETS LONG TERM ASSETS Land Vehicle -accumlated depreciation Net Vehicle Equipment -accumlated depreciation Net Equipment TOTAL OTHER ASSETS TOTAL ASSETS CURRENT LIABILITIES Accounts payable Short term notes payable Current portion LTD TOTAL CURRENT LIABILITIES LONG TERM LIABILITIES Term loans net of current portion Loans due shareholders Other long term debt TOTAL LONG TERM LIABILITIES NET WORTH Common Stock Retained Earnings NET WORTH TOTAL LIABILITIES & EQUITY