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  • Balance Sheet

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    ZACHARIA MUGWE
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    The balance sheet shows total assets of $225,450 consisting of current assets of $158,800 including $155,000 of cash and $3,800 of prepaid expenses. Capital assets total $66,650 including equipment, office furnishings, computers, and tools. Total liabilities are $218,450 including current liabilities of $200,000 of bank debt and long-term liabilities of $18,450 consisting of term loans of $13,500 and taxes of $4,950. Equity is $7,000 from investments.

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    BALANCE SHEET

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    The balance sheet shows total assets of $225,450 consisting of current assets of $158,800 including $155,000 of cash and $3,800 of prepaid expenses. Capital assets total $66,650 including equipment, office furnishings, computers, and tools. Total liabilities are $218,450 including current liabilities of $200,000 of bank debt and long-term liabilities of $18,450 consisting of term loans of $13,500 and taxes of $4,950. Equity is $7,000 from investments.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    6 views2 pages

    Balance Sheet

    Uploaded by

    ZACHARIA MUGWE
    The balance sheet shows total assets of $225,450 consisting of current assets of $158,800 including $155,000 of cash and $3,800 of prepaid expenses. Capital assets total $66,650 including equipment, office furnishings, computers, and tools. Total liabilities are $218,450 including current liabilities of $200,000 of bank debt and long-term liabilities of $18,450 consisting of term loans of $13,500 and taxes of $4,950. Equity is $7,000 from investments.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    BALANCE SHEET

    ASSETS LIABILITIES
    current assets cash 155000 current liabilities
    prepaid expenses 3800
    total current assets 158800 long term liabilities
    capital assets equipment 27400
    office furnishings 3000
    computer 16500
    tools 19750 equity
    total capital assets 66650
    total assets 225450 total liabilities + equity
    bank debt 200000
    total current liabilities 200000
    terms loans 13500
    taxes 4950
    total long term liabilities 18450
    total liabilities 218450
    investments 7000
    total equity 7000
    225450

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