Beron, Crystal Jycel L.

ABC Retail Company

Balance Sheet
( for the year ending Dec 31, 2014)

[ABC Retail Company]

Balance Sheet

Dec 31, 2014

Assets
Current assets:
Cash 23,000
Net A.R 38,000
Inventory 54,000

Total current assets 115,000

Non-Current assets:
G. F. A 486,000
Accumulated Depreciation (51,000)
N. F. A 435,000
Total II-current assets 435,000
Total Assets 550,000

Liabilities
Current liabilities:
Accounts Payable 39,000
CPLTD 6,000
S1-L (Notes payable) 18,000
Accrued Expenses 8,000
Total current liabilities 71,000

Non-Current liabilities:
LTD 210,000
Total Liabilities 281,000

Shareholder's Equity
Common Stock 45,000
APIC 86,000
Returned Earnings 138,000
Total Shareholder's Equity 269,000

Total Liabilities & Shareholder's Equity 550,000

Note 1- Net A.R

Gross Accounts Receivable 40,000
Allowance For doubtful Accounts (2,000)
Total net A.R = 38,000