Balance Sheet [Budget Spreadsheet] report Report Description Reports list Balance Sheet [Budget Spreadsheet] October 2008 through December 2008 October November December Assets Cash Accounts Checking Account $13,719.83 $13,719.83 $13,719.83 Petty Cash $100.00 $100.00 $100.00 Total Cash Accounts $13,819.83 $13,819.83 $13,819.83 Inventory Raw Materials $3,400.00 $3,400.00 $3,400.00 Finished Goods $75,141.50 $75,141.50 $75,141.50 Total Inventory $78,541.50 $78,541.50 $78,541.50 Accounts Receivable $37,264.78 $37,264.78 $37,264.78 Total Assets $129,626.11 $129,626.11 $129,626.11 Liabilities Accounts Payable $10,627.02 $10,627.02 $10,627.02 Bank Indebtedness $100,000.00 $100,000.00 $100,000.00 Payroll Liabilities Payroll Liabilities $13,919.25 $13,919.25 $13,919.25 Payroll Tax Payable $105.00 $105.00 $105.00 Vacation Payable $1,267.50 $1,267.50 $1,267.50 Total Payroll Liabilities $15,291.75 $15,291.75 $15,291.75 Deposits from Customers $500.00 $500.00 $500.00 Total Liabilities $126,418.77 $126,418.77 $126,418.77 Equity Paid in Capital $110,000.00 $110,000.00 $110,000.00 Retained Earnings ($88,510.92) ($88,510.92) ($88,510.92) Current Year Earnings $(3,770.00) ($3,770.00) ($3,770.00) Total Equity $17,719.08 $17,719.08 $17,719.08 Total Liability & Equity $153,101.11 153,101.11 $153,101.11
