BALANCE SHEET

(RETIAL SALES 1-NOV) ASSETS & LIABILITIES

ASSETS DEBIT A/C LIABILITIES
CURRENT ASSTES CURRENT LIABILITIES
CASH ACCOUNT 8,000.00 SALARY PAYABLE
ACCOUNT RECIEVABLE 17,500.00 ACCOUNT PAYABLE
SUPPLIES 2,000.00 TOTAL CURRENT LIABILITIES
TOTAL CURRENT ASSETS 27,500.00 LONG TERM LIABILITIES
FIXED ASSETS - NOTES PAYABLE
DELIVERY TRUCK 75000 - STOCKHOLDER'S EQUITY
LESS ACCUM DEPRECIATION 35000 40000 COMMAN STOCK
LAND 180000 RETAIND EARNINGS
TOTAL FIXED ASSETS 220000 TOTAL EQUITY
TOTAL ASSETS (NET PROFIT) 247,500.00 TOTAL LIABILITIES AND EQUITY
TS & LIABILITIES
CREDIT A/C

5,000.00
12,000.00
17,000.00
-
55,000.00
5,500.00
10,000.00
160,000.00
170,000.00
247,500.00