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Balance Sheet Sample

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Jessa Bongabong
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4 views

Balance Sheet Sample

Uploaded by

Jessa Bongabong
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

ABC Company

Balance Sheet
December 31, 2018

Assets

Current Assets (those that can be easily converted into cash within a year or less)

Cash:
Business Checking Account #1547 $28,471.00
Business Checking Account #6516 $8,996.00
Business Reserve Savings Account #5622 $40,222.00
Petty Cash On Hand $127.00
Treasury Bills $25,000.00
Certificate of Deposits (short term) $75,000.00
Total Cash $177,816.00

Marketable Securities:
Wealthy Company Stock (basis) $50,000.00
Public Company Stock $75,000.00
Best Index Fund Ever $100,000.00
Total Marketable Securities $225,000.00
Accounts Receivable $65,852.00
Inventory (merchandise for resale) $41,250.00
Prepaid Expenses:
Advertising Contract $2,500.00
Insurance $14,000.00
Rent $15,000.00
Total Prepaid Expenses $31,500.00

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Other Current Assets:
Supplies $1,525.00
Notes Receivable $15,000.00
Employee Advances $1,500.00
Loans to Officers and Shareholders $10,000.00
Total Other Current Assets $28,025.00
Long-term Assets (longer than a year)

Fixed Assets:
Machinery $58,500.00
Office Equipment $19,475.00
Furniture $8,515.00
Computers $58,320.00
Buildings $350,000.00
Improvements $125,000.00
Total Fixed Assets (basis) $619,810.00
Less Accumulated Depreciation $252,555.00 $367,255.00
Intangible Assets:
Goodwill $50,000.00
Patents $75,000.00
Intellectual Properties $85,000.00
Proprietary Technology $100,000.00
Total Intangible Assets (basis) $310,000.00
Less Accumulated Amortization $35,000.00 $275,000.00

Other Long-term Assets:


Land $175,000.00
Security Deposits $15,000.00
Notes Receivable $50,000.00
Loans to Officers and Shareholders $65,000.00
Total Other Long-term Assets $305,000.00
Total Assets $1,516,698.00

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Liabilities

Current Liabilities

Accounts Payable (vendors and suppliers) $55,816.00


Current Portion of Long-term Debt $25,000.00
Bank Credit Line $18,522.00
Credit Cards Payable $5,386.00
Interest Payable $5,227.00
Customer's Refundable Deposits $15,000.00
Wages Payable (salary, wage, bonus,
commission, etc) $38,225.00
Taxes Payable (payroll, sales, etc) $6,281.00
Loans from Officers and Shareholders $50,000.00
Total Current Liabilities $219,457.00

Long-term Liabilities

Notes Payable - Bank $150,000.00


Notes Payable - Mr Fred $75,000.00
Mortgage - Building $157,223.00
Pension Payable $26,325.00
Loans from Officers and Shareholders $250,000.00
Total Long-term Liabilities $658,548.00

Capital

Common Stock $250,000.00


Preferred Stock $500,000.00
Additional Paid-in Capital $175,000.00
Retained Earnings $525,321.00
Current Earnings $163,195.00 1
Less Distributions or Dividends $974,823.00 $638,693.00

Total Liabilites and Capital $1,516,698.00

1 Current Earnings should be the same as the Profit or Loss figure


from the Income Statement

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