Balance Sheet report
Report Description
Reports List
Balance Sheet
As of December 2017
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
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