ESKINDER MULUGETA

Balance Sheet
January 31, 2016

ASSETS

Current Assets
Petty Cash $ 10,000.00
Cash at bank saving 10,000.00
Cash at bank checking 40,447.50
Account Receivable 8,491.25
Allowance for uncollectible (197.00)
Inventory 137,345.00
Office Supplies 11,900.00
Prepaid Insurance 2,800.00

Total Current Assets 220,786.75

Property and Equipment

Equipment 50,000.00
ACC. Depreciation Equipment (5,000.00)
Vehicle 120,000.00
Acc.Depre-Vehicle (10,000.00)
Furniture & Fixture 50,000.00
Acc.Depre-Furnit.& Fix (4,680.00)

Total Property and Equipment 200,320.00

Other Assets

Total Other Assets 0.00

Total Assets $ 421,106.75

LIABILITIES AND CAPITAL

Current Liabilities
Account Payable $ 45,350.00
Employee I/Tax Payable 4,567.50
Salary Payable 5,000.00
Pensiontax 3,870.00
Sales tax Payable 10,046.25
11/17/2020 at 08:00:47 Unaudited - For Management Purposes Only
 ESKINDER MULUGETA
Balance Sheet
January 31, 2016

Total Current Liabilities 68,833.75

Long-Term Liabilities
Mortgage Payable 50,000.00

Total Long-Term Liabilities 50,000.00

Total Liabilities 118,833.75

Capital
EME'S Capital 257,615.00
Retained Earnings 43,888.00
Net Income 770.00

Total Capital 302,273.00

Total Liabilities & Capital $ 421,106.75

11/17/2020 at 08:00:47 Unaudited - For Management Purposes Only