Chapter 4
Chapter 4
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21-Trial Balances Data
1- General,Summary,Audit
14- Months Lists
15-BS, IS Leve
16- Notes List
XYZ Corporation Inc.
BALANCE SHEET
December 31
Notes 2003 2002
ASSETS
Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982
Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760
Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851
Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564
Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
=INDEX(MonthsList,MonthSelectionNumber)
=MONTH(ReportsDate)
=YEAR(ReportsDate)
XYZ Corporation Inc.
BALANCE SHEET
December 31
Notes 2003 2002
ASSETS
Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982
Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760
Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851
Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564
Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
December 31
Notes 2003 2002
ASSETS
Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982
Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760
Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851
Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564
Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
December 31
Notes 2003 2002
ASSETS
Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982
Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760
Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851
Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564
Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
December 31
Notes 2003 2002
ASSETS
Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982
Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760
Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851
Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564
Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
December 31
Notes 2003 2002
ASSETS
Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982
Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760
Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851
Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564
Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
December 31
Notes 2003 2002
ASSETS
Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982
Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760
Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851
Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564
Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
0 0 0 0 0 0 0
701,924
165,986
22,375
0 135,948 0 0 0 0 0
0 1,049,371 0 0 0 0 0
0
0
0
0
0
-42567 41,773 -43033 -43266 -43499 -43732 -43965
-3654 3,906 -3770 -3828 -3886 -3944 -4002
-3717 3,973 -3835 -3894 -3953 -4012 -4071
-3780 4,040 -3900 -3960 -4020 -4080 -4140
-3843 4,108 -3965 -4026 -4087 -4148 -4209
-3906 4,175 -4030 -4092 -4154 -4216 -4278
-3969 4,242 -4095 -4158 -4221 -4284 -4347
-4032 4,310 -4160 -4224 -4288 -4352 -4416
-4095 4,377 -4225 -4290 -4355 -4420 -4485
-1719 2,517 -1935 -2043 -2151 -2259 -2367
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
-6100 6,126 -6200 -6250 -6300 -6350 -6400
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
-9589 9,591 -9737 -9811 -9885 -9959 -10033
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
-1559 1,534 -1577 -1586 -1595 -1604 -1613
0 0 0 0 0 0 0
0 0 0 0 0 0 0
-394 411 -404 -409 -414 -419 -424
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
-3128 3,330 -3224 -3272 -3320 -3368 -3416
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
### ### December 2003
70 71 50,446
22,535
17,558
160,000
50,000
585
560 568 1,653,558
630 639
700 710 546,173
770 781
840 852 13,552
52,250
364,321
674,019
386,140
59,410
-478852.44
547,255
476,783
234,296
19,250
40,252
0 0 -40252
784,273
185,459
0 0 151,897
0 0 1,172,482
December 31
Notes 2003 2002
ASSETS
Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982
Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760
Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851
Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564
Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
December 31 December 31
Notes 2003 2002
ASSETS
Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982
Other Assets
Investment in Revenue Bond 12 364,321 300,260
Patents, Trademarks and Goodwill 13 52,250 52,500
Total Other Assets 416,571 352,760
Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 0 0
Accounts Payable 15 547,255 475,284
Accrued Expenses 16 234,296 221,291
Other Payables 17 19,250 26,937
Total Current Liabilities 1,277,585 1,224,345
Long-Term Liabilities
Note Payable 18 784,273 840,105
Equipment Leases Payable 19 185,459 224,965
Less: Current Portion Shown Above 0 0
Total Long-Term Liabilities 969,732 1,065,070
TOTAL LIABILITIES 2,247,316 2,289,415
Stockholder's Equity
Capital Stock 20 151,897 152,623
Retained Earnings 21 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
For the year ended For the year ended April, 30 2003
Formula in Column B
=INDEX(MonthsList,MonthSelectionNumber)
=MONTH(ReportsDate)
=YEAR(ReportsDate)
=INDEX(MonthsList,CompareMonthNumberBS)
December 31
Notes 2003 2002
ASSETS
Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982
Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760
Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851
Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564
Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
Reports Date
month
Number Months List
1 January 31, 1998
2 February 28, 1998
3 March 31, 1998
4 April 30, 1998
5 May 31, 1998
6 June 30, 1998
7 July 31, 1998
8 August 31, 1998
9 September 30, 1998
10 October 31, 1998
11 November 30, 1998
12 December 31, 1998
13 January 31, 1999
14 February 28, 1999
15 March 31, 1999
16 April 30, 1999
17 May 31, 1999
18 June 30, 1999
19 July 31, 1999
20 August 31, 1999
21 September 30, 1999
22 October 31, 1999
23 November 30, 1999
24 December 31, 1999
25 January 31, 2000
26 February 29, 2000
27 March 31, 2000
28 April 30, 2000
29 May 31, 2000
30 June 30, 2000
31 July 31, 2000
32 August 31, 2000
33 September 30, 2000
34 October 31, 2000
35 November 30, 2000
36 December 31, 2000
37 January 31, 2001
38 February 28, 2001
39 March 31, 2001
40 April 30, 2001
41 May 31, 2001
42 June 30, 2001
43 July 31, 2001
44 August 31, 2001
45 September 30, 2001
46 October 31, 2001
47 November 30, 2001
48 December 31, 2001
49 January 31, 2002
50 February 28, 2002
51 March 31, 2002
52 April 30, 2002
53 May 31, 2002
54 June 30, 2002
55 July 31, 2002
56 August 31, 2002
57 September 30, 2002
58 October 31, 2002
59 November 30, 2002
60 December 31, 2002
61 January 31, 2003
62 February 28, 2003
63 March 31, 2003
64 April 30, 2003
65 May 31, 2003
66 June 30, 2003
67 July 31, 2003
68 August 31, 2003
69 September 30, 2003
70 October 31, 2003
71 November 30, 2003
72 December 31, 2003
73 January 31, 2004
74 February 29, 2004
75 March 31, 2004
76 April 30, 2004
77 May 31, 2004
78 June 30, 2004
79 July 31, 2004
80 August 31, 2004
81 September 30, 2004
82 October 31, 2004
83 November 30, 2004
84 December 31, 2004
85 January 31, 2005
86 February 28, 2005
87 March 31, 2005
88 April 30, 2005
89 May 31, 2005
90 June 30, 2005
91 July 31, 2005
92 August 31, 2005
93 September 30, 2005
94 October 31, 2005
95 November 30, 2005
96 December 31, 2005
97 January 31, 2006
98 February 28, 2006
99 March 31, 2006
100 April 30, 2006
101 May 31, 2006
102 June 30, 2006
103 July 31, 2006
104 August 31, 2006
105 September 30, 2006
106 October 31, 2006
107 November 30, 2006
108 December 31, 2006
Level1 Level2 Level3
Assets Current Assets Cash
Assets Current Assets Accounts Receivable
Assets Current Assets Inventories
Assets Current Assets Other Current Assets
Assets Current Assets Prepaid Expenses
Assets Investments and other Assets Investment in Revenue Bond
Assets Investments and other Assets Patents, Trademarks and Goodwill
Assets Fixed Assets Land & Building
Assets Fixed Assets Machinery and Equipment
Assets Fixed Assets Furniture and Fixtures
Assets Fixed Assets Less: Accumulated Depreciation
Assets Fixed Assets Leasehold Improvements
Equity & Liabilities Current liabilities Current portion of long-term debt
Equity & Liabilities Current liabilities Accounts payable
Equity & Liabilities Current liabilities Accrued expenses - payroll
Equity & Liabilities Current liabilities Other accrued liabilities
Equity & Liabilities Current liabilities Income taxes payable
Equity & Liabilities Current liabilities Other current liabilities
Equity & Liabilities Long-term Liabilities Loans from financial institutions
Equity & Liabilities Long-term Liabilities Current Portion of Long-Term Debt
Equity & Liabilities Long-term Liabilities Equipment Leases Payable
Equity & Liabilities Long-term Liabilities Other long-term liabilities
Equity & Liabilities Long-term Liabilities Deferred tax liabilities
Equity & Liabilities Long-term Liabilities Pension fund loans
Equity & Liabilities Shareholders' Equity Capital Stock
Equity & Liabilities Shareholders' Equity Paid in Capital
Equity & Liabilities Shareholders' Equity Share Premium
Equity & Liabilities Shareholders' Equity Retained earnings
Equity & Liabilities Shareholders' Equity Net profit for the period
Profit & Loss Net Sales Sales
Profit & Loss Cost of Sales Cost of goods sold
Profit & Loss Expenses Research & Development
Profit & Loss Expenses Marketing
Profit & Loss Expenses General & Administration
Profit & Loss Expenses Amortization
Profit & Loss Non Operating Income Non Operating Income
Profit & Loss Non Operating Expenses Non Operating Expenses
Profit & Loss Special Gain ( Loss ) Special Gain ( Loss )
Profit & Loss Income Taxes Income Taxes
Notes # Notes Description
Note
Number Note Title
1 Summary of Significant Accounting Policies
2 Structure of Balance Sheet and Income Statements
3 Transactions with Affiliated and othe Related Parties
4 Currency Translation
5 Cash
6 Line of Credit
7 Notes & Account Recivable
8 Inventories
9 Prepaid Expenses
10 Property, Plant and equipment
11 Securities
12 Intangible Assets
13 Accounts Payable
14 Accrued Expenses
15 Other Payables
16 Note Payable
17 Equipment Leases Payable
18 Stockholder's Equity
19 Earnings Reserves and Retained Profits
20 Sales revenue
21 Labor And Materials
22 Selling
23 General & Administrative
24 Other Operating Expense
25 Other income (expense) - net
26 Income Taxes
27 Employee Benefit Plan
28
29
30
31
32
33
34
35
36
37
Balance Sheet, Income Statement,
Note Number & Title Cash Flow
Note 1 - Summary of Significant Accounting Policies
Note 2 - Structure of Balance Sheet and Income Statements
Note 3 - Transactions with Affiliated and othe Related Parties
Note 4 - Currency Translation
Note 5 - Cash Cash
Note 6 - Line of Credit Line of Credit
Note 7 - Notes & Account Recivable Accounts Receivable
Note 8 - Inventories Inventories
Note 9 - Prepaid Expenses Prepaid Expenses
Note 10 - Property, Plant and equipment Property and Equipment (at Cost)
Note 11 - Securities Investment in Revenue Bond
Note 12 - Intangible Assets Patents, Trademarks and Goodwill
Note 13 - Accounts Payable Accounts Payable
Note 14 - Accrued Expenses Accrued Expenses
Note 15 - Other Payables Other Payables
Note 16 - Note Payable Note Payable
Note 17 - Equipment Leases Payable Equipment Leases Payable
Note 18 - Stockholder's Equity Total Stockholder's Equity
Note 19 - Earnings Reserves and Retained Profits Retained Earnings
Note 20 - Sales revenue Sales
Note 21 - Labor And Materials Labor And Materials
Note 22 - Selling Selling
Note 23 - General & Administrative General & Administrative
Note 24 - Other Operating Expense Other Operating Expense
Note 25 - Other income (expense) - net Other income (expense) - net
Note 26 - Income Taxes Provision (benefit) for income taxes
Note 27 - Employee Benefit Plan
Note 28 -
Note 29 -
Note 30 -
Note 31 -
Note 32 -
Balance Sheet, Income
Statement, Cash Flow -
Note Balance Balance