Balance Sheet
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Balance sheet
For the year ended April 04, 2019
Current Assets
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Cash and Cash Equivalent
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| 10,253.00
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Accounts Receivable
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| 1,852.53
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(Reserve for Bad Debts)
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| (1,020.00)
| 832.53
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Merchandise Inventory
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| 21,480.77
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Short Term Investments
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| 2,000.00
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Prepaid Expenses
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| 5,369.21
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Short Term Notes Receivable
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| 2,523.10
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Total Current Assets
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| $42,458.61
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Fixed Assets
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Land
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| 25,000.00
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Buildings and Improvements
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| 18,500.00
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(Accumulated Depreciation)
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| (1,850.00)
| 16,650
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Equipment and Machinery
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| 5,490.00
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(Accumulated Depreciation)
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| (549.00)
| 4,941
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Furniture and Fixtures
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| 3,698.00
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(Accumulated Depreciation)
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| (156.00)
| 3,542
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Vehicles
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| 14,590.00
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(Accumulated Depreciation)
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| (459.00)
| 14,131
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Total Current Assets
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| $64,264.00
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Other Assets
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Goodwill
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| 15,000.00
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(Amortization)
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| 15,000
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Long-Term Investment
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| 5,000.00
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Other Assets
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Total Current Assets
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| $20,000.00
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Total Assets
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| $126,722.61
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Current Liabilities
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Accounts Payable
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| 6,854.00
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Accrued Sales Taxes Payable
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Accrued Payroll Taxes Payable
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| 1,210.00
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Accrued Wages Payable
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| 862.00
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Unearned Revenues
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Short-Term Notes Payable
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Short-Term Bank Loan Payable
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| 4,560.00
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Total Current Liabilities
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$13,486.00
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Long-Term Liabilities
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Long-Term Notes Payable
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Mortgage Payable
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Long Term Debt
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| 3,500.00
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Total Long-Term Liabilities
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| $3,500.00
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Total Liabilities
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| $16,986.00
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Capital
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Owner’s Equity
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| 30,000.00
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Opening balance of Retained Earnings
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| 5,500.00
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Current year Profit (Loss)
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Retained Earnings
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| 5,500.00
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Total Capital
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| $35,500.00
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Total Liabilities and Capital
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| $52,486.00
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