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

MasterCard

$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

Default 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