Balance Sheet report Report Description Reports list Balance Sheet As of December 2008 Assets Cash Accounts Checking Account $13,719.83 Petty Cash $100.00 Total Cash Accounts $13,819.83 Inventory Raw Materials $3,400.00 Finished Goods $75,141.50 Total Inventory $78,541.50 Accounts Receivable $37,264.78 Deposits Paid Vendors $100.00 Office Equipment Office Equip., Original Cost $12,000.00 Office Equip., Amortization ($4,125.00) Total Office Equipment $7,875.00 Vehicles, Original Cost $32,000.00 Vehicles, Amortization ($17,000.00) Total Vehicles $15,000.00 Other Assets $500.00 Total Assets $153,101.11 Liabilities Credit Cards American Express $3,200.00 Visa $1,000.00 Total Credit Cards $4,200.00 Accounts Payable $10,627.02 Bank Indebtedness $100,000.00 Tax Liabilities Tax 1 Collected $2,414.58 Tax 2 Collected $2,348.68 Total Tax Liabilities $4,763.26 Payroll Liabilities Payroll Liabilities $13,919.25 Payroll Tax Payable $105.00 Vacation Payable $1,267.50 Total Payroll Liabilities $15,291.75 Deposits from Customers $500.00 Total Liabilities $135,382.03 Equity Paid in Capital $110,000.00 Retained Earnings ($88,510.92) Current Year Earnings ($3,770.00) Total Equity $17,719.08 Total Liability & Equity $153,101.11
