Sutter Bowling Alley

Balance Sheet
Dec 31,2017
Report form
Current Assets
Cash 18,040
Accounts receivable 14,520
32,560
Non Current Assets
Land 64,000
Building 128,800
Accumulated Depreciation-Equipment 18,720
Equipment 297,800
Accumulated Depreciation–Building 42,600
551,920
TOTAL ASSETS 584,480
Liabilities

Current Liabilities

Accounts Payable 12,300

Note payable 83,880
Prepaid insurance 4,680
Interest payable 2,600
103,460
Non current liabilities
Notes payable 13,900
Total liabilities 117,360

Owner’s Equity
Owner’s capital 115,000

Total liabilities and Owner’s equity= 232,360

 Sutter Bowling Alley
Balance Sheet
Dec 31,2017
Account Form

Current Assets
Liabilities
Cash 18,040 Current liabilities
Accounts receivable 14,520
32,560 accounts payable 12,300
Non Current Assets note payable 88,880
Land 64,000 prepaid insurance 4,680
Building 128,800 interest payable 2,600
Accumulated Depreciation-Equipment 18,720 103,460
Equipment 297,800 Non current liabilities
Accumulated Depreciation–Building 42,600 notes payable 13,900
551,920
Owner’s equity 115,000

Total asset 584,480 total liabilities and owner’s equity 232,360