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    Ravi Bhandari
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    MICHAEL'S BUSINESS CENTRE Balance SHEET - As at December 31, 1999 ASSETS Current Assets Cash Accounts receivable Inventory Fixed Assets Equipment Leasehold Improvements Less: Accumulated depreciation Incorporation costs Total Assets Liabilities Current Liabilities Accounts payable income taxes payable Long Term Liabilities Loan from shareholder Shareholder's Equity Capital Stock Retained Earnings Net income Balance, Ending Total Liabilities and shareholder Equity.

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    MICHAEL'S BUSINESS CENTRE Balance SHEET - As at December 31, 1999 ASSETS Current Assets Cash Accounts receivable Inventory Fixed Assets Equipment Leasehold Improvements Less: Accumulated depreciation Incorporation costs Total Assets Liabilities Current Liabilities Accounts payable income taxes payable Long Term Liabilities Loan from shareholder Shareholder's Equity Capital Stock Retained Earnings Net income Balance, Ending Total Liabilities and shareholder Equity.

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    11 views1 page

    Balance Sheet

    Uploaded by

    Ravi Bhandari
    MICHAEL'S BUSINESS CENTRE Balance SHEET - As at December 31, 1999 ASSETS Current Assets Cash Accounts receivable Inventory Fixed Assets Equipment Leasehold Improvements Less: Accumulated depreciation Incorporation costs Total Assets Liabilities Current Liabilities Accounts payable income taxes payable Long Term Liabilities Loan from shareholder Shareholder's Equity Capital Stock Retained Earnings Net income Balance, Ending Total Liabilities and shareholder Equity.

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    Appendix C

    MICHAEL'S BUSINESS CENTRE BALANCE SHEET - As at December 31, 1999 ASSETS Current Assets Cash Accounts receivable Inventory

    3,656 19,553 2,345 25,553

    Fixed Assets Equipment Leasehold Improvements Less: Accumulated depreciation Incorporation costs Total Assets Liabilities Current Liabilities Accounts payable Income taxes payable Long Term Liabilities Loan from shareholder Shareholder's Equity Capital Stock Retained Earnings Net income Balance, Ending Total Liabilities and Shareholder Equity

    25,000 20,000 45,000 (9,000) 36,000 750 $ 62,303

    13,750 334 14,084 47,000

    100 1,119 1,119 1,219 62,303

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