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  • Balance Sheet: As On 31st Decemebr 2015

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    The balance sheet as of December 31, 2015 shows total assets of $840,000 including current assets of $360,000 such as cash, accounts receivable, and inventory. Total liabilities are $510,000 consisting of current liabilities of $360,000 such as accounts payable and long-term liabilities of $150,000 including a mortgage. Shareholders' equity is $330,000 comprising capital stock of $80,000 and retained earnings of $210,000.

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    Balance Sheet

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    The balance sheet as of December 31, 2015 shows total assets of $840,000 including current assets of $360,000 such as cash, accounts receivable, and inventory. Total liabilities are $510,000 consisting of current liabilities of $360,000 such as accounts payable and long-term liabilities of $150,000 including a mortgage. Shareholders' equity is $330,000 comprising capital stock of $80,000 and retained earnings of $210,000.

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    Download as XLS, PDF, TXT or read online from Scribd
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    14 views1 page

    Balance Sheet: As On 31st Decemebr 2015

    Uploaded by

    بینش حفیظ
    The balance sheet as of December 31, 2015 shows total assets of $840,000 including current assets of $360,000 such as cash, accounts receivable, and inventory. Total liabilities are $510,000 consisting of current liabilities of $360,000 such as accounts payable and long-term liabilities of $150,000 including a mortgage. Shareholders' equity is $330,000 comprising capital stock of $80,000 and retained earnings of $210,000.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    Balance Sheet

    As on 31st Decemebr 2015

    ASSETS

    LIABILITIES

    Current Assets

    Current Liabilities

    Cash
    Accounts receivable

    $100,000
    70,000

    Accounts payable
    Short-term notes
    Current portion of long-term notes

    Inventory
    Temporary investment
    Prepaid expenses
    Total Current Assets

    50,000

    Interest payable

    30,000

    Taxes payable

    36,000

    40,000

    Accrued payroll

    74,000

    $360,000

    12,00,000

    Buildings

    8,00,000

    Plant and equipment


    (less accumulated depreciation)
    Furniture and fixtures
    (less accumulated depreciation)
    Total Net Fixed Assets

    TOTAL ASSETS

    Total Current Liabilities

    $360,000

    Long-term Liabilities
    $400,000

    Land
    (less accumulated depreciation)

    50,000
    100,000

    100,000

    Fixed Assets
    Long-term investments

    $70,000

    Mortgage
    Other long-term liabilities
    Total Long-Term Liabilities

    $50,000
    100,000
    $150,000

    2,00,000
    7,00,000
    4,00,000

    Shareholders' Equity

    3,00,000

    Capital stock

    80,000

    Retained earnings

    $210,000
    120,000

    $480,000

    Total Shareholders' Equity

    $330,000

    $840,000

    TOTAL LIABILITIES & EQUITY

    $840,000

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