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    Blue Balance Sheet1

    Uploaded by

    shaniza
    The balance sheet shows the company's assets, liabilities, and equity for years 2021 and 2022. Total assets increased from $9,545 in 2021 to $12,735 in 2022 driven primarily by growth in current assets like cash, investments, and inventory. Total liabilities and equity decreased from $8,540 in 2021 to $6,227 in 2022 mainly due to a reduction in owner's equity from $6,000 to $3,150. As a result, the company's overall balance increased substantially from $1,005 in 2021 to $6,508 in 2022.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Blue Balance Sheet1

    Uploaded by

    shaniza
    31 views4 pages
    The balance sheet shows the company's assets, liabilities, and equity for years 2021 and 2022. Total assets increased from $9,545 in 2021 to $12,735 in 2022 driven primarily by growth in current assets like cash, investments, and inventory. Total liabilities and equity decreased from $8,540 in 2021 to $6,227 in 2022 mainly due to a reduction in owner's equity from $6,000 to $3,150. As a result, the company's overall balance increased substantially from $1,005 in 2021 to $6,508 in 2022.

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    Blue balance sheet1

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    The balance sheet shows the company's assets, liabilities, and equity for years 2021 and 2022. Total assets increased from $9,545 in 2021 to $12,735 in 2022 driven primarily by growth in current assets like cash, investments, and inventory. Total liabilities and equity decreased from $8,540 in 2021 to $6,227 in 2022 mainly due to a reduction in owner's equity from $6,000 to $3,150. As a result, the company's overall balance increased substantially from $1,005 in 2021 to $6,508 in 2022.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    31 views4 pages

    Blue Balance Sheet1

    Uploaded by

    shaniza
    The balance sheet shows the company's assets, liabilities, and equity for years 2021 and 2022. Total assets increased from $9,545 in 2021 to $12,735 in 2022 driven primarily by growth in current assets like cash, investments, and inventory. Total liabilities and equity decreased from $8,540 in 2021 to $6,227 in 2022 mainly due to a reduction in owner's equity from $6,000 to $3,150. As a result, the company's overall balance increased substantially from $1,005 in 2021 to $6,508 in 2022.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 4

    Balance Sheet

    Company Name
    Year 2021 Year 2022

    Balance Summary Year 1 Year 2


    Total Assets $9,545.00 $12,735.00
    Total Liabilities and Owner's Equity $8,540.00 $6,227.00
    Balance $1,005.00 $6,508.00

    Assets Year 2022 Year 2021

    $0.00 $500.00 $1,000.00 $1,500.00 $2,000.00 $2,500.00 $3,000.00


    Cash

    Investments
    Inventories

    Accounts receivable

    Pre-paid expenses

    Other
    Property and equipment

    Leasehold improvements

    Equity and other investments

    Less accumulated depreciation

    Goodwill

    Liabilities and Owner's Equity Year 2022 Year 2021

    $0.00 $1,000.00 $2,000.00 $3,000.00 $4,000.00 $5,000.00 $6,000.00

    Accounts payable

    Accrued wages

    Accrued compensation

    Income taxes payable

    Unearned revenue

    Other

    Mortgage payable

    Investment capital

    Accumulated retained earnings


    Mortgage payable

    Investment capital

    Accumulated retained earnings


    Assets
    Year 2021 Year 2022
    Current Assets Year 1 Year 2
    Cash $1,000.00 $1,700.00
    Investments $1,500.00 $2,550.00
    Inventories $650.00 $1,250.00
    Accounts receivable $150.00 $230.00
    Pre-paid expenses $1,230.00 $950.00
    Other $120.00 $120.00
    Total Current Assets $4,650.00 $6,800.00

    Fixed Assets Year 1 Year 2


    Property and equipment $2,500.00 $2,500.00
    Leasehold improvements $450.00 $350.00
    Equity and other investments $1,250.00 $1,600.00
    Less accumulated depreciation $545.00 $1,295.00
    Total Fixed Assets $4,745.00 $5,745.00

    Other Assets Year 1 Year 2


    Goodwill $150.00 $190.00
    Total Other Assets $150.00 $190.00
    Liabilities and Owner's Equity
    Year 2021 Year 2022
    Current Liabilities Year 1 Year 2
    Accounts payable $180.00 $252.00
    Accrued wages $250.00 $370.00
    Accrued compensation $240.00 $190.00
    Income taxes payable $120.00 $130.00
    Unearned revenue $0.00 $0.00
    Other $250.00 $235.00
    Total Current Liabilities $1,040.00 $1,177.00

    Long-Term Liabilities Year 1 Year 2


    Mortgage payable $1,500.00 $1,900.00
    Total Long-Term Liabilities $1,500.00 $1,900.00

    Owner's Equity Year 1 Year 2


    Investment capital $5,500.00 $2,500.00
    Accumulated retained earnings $500.00 $650.00
    Total Owner's Equity $6,000.00 $3,150.00

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