The Art and Sculptures Store

Balance Sheet
As at December 31, 2006
Assets Liabilities
Cash $1 4 0 7 10 Bank Loan $9 0 0 0 00
Accounts Receivable Accounts Payable
- R. Mason 3 5 0 00 - Modern Art Store 1 9 0 5 00
- H. Morgan 1 7 0 6 00 - Oakes Supply 7 5 0 00
Supplies 1 2 5 0 00 Total Liabilities $11 6 5 5 00
Automobile 19 3 5 0 00
Equipment 10 0 0 0 00 Owner's Equity
Furniture 9 7 0 0 00 Janet Koray, Capital 32 1 0 8 10
Total Assets $43 7 6 3 10 Total Liabilities and $43 7 6 3 10
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