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  • Balance Sheet Assets Cash Non-Current Assets Current Asset Equipment

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    Aritra Na
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    This document contains a balance sheet and income statement for a company. The balance sheet shows total assets of $245,150 distributed among cash, non-current assets, current assets, and equipment. Total liabilities include $33,600 in notes payable and $2,200 in accounts payable. Equity consists of $165,000 in common stock and $27,800 in retained earnings. The income statement indicates the company had $96,000 in revenue and $68,200 in expenses, resulting in $27,800 in profits.

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    This document contains a balance sheet and income statement for a company. The balance sheet shows total assets of $245,150 distributed among cash, non-current assets, current assets, and equipment. Total liabilities include $33,600 in notes payable and $2,200 in accounts payable. Equity consists of $165,000 in common stock and $27,800 in retained earnings. The income statement indicates the company had $96,000 in revenue and $68,200 in expenses, resulting in $27,800 in profits.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    28 views3 pages

    Balance Sheet Assets Cash Non-Current Assets Current Asset Equipment

    Uploaded by

    Aritra Na
    This document contains a balance sheet and income statement for a company. The balance sheet shows total assets of $245,150 distributed among cash, non-current assets, current assets, and equipment. Total liabilities include $33,600 in notes payable and $2,200 in accounts payable. Equity consists of $165,000 in common stock and $27,800 in retained earnings. The income statement indicates the company had $96,000 in revenue and $68,200 in expenses, resulting in $27,800 in profits.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    Balance sheet

    Assets
    Cash Non-Current Assets Current Asset Equipment
    66000
    99000
    -2700
    -14400 48000
    -20000 20000
    -100000 100000
    -6700 6700
    -1000 1000
    -500
    -6000 3000
    18750
    93800
    -62000
    45500 68000 121750 7700

    Total Assets 245150

    Income Statement
    Revenue 96000
    Expenses
    Legal Fees 2700
    Office Supplies 500
    Advertising 3000
    Salaries 62000

    Total 68200

    Profits 27800
    Balance sheet

    Liabilities Equity
    Accounts receivable Notes Payable Accounts Payable Common Stock Retained Earnings
    66000
    99000
    -2700
    33600

    -500
    -3000
    18750
    2200 96000
    -62000
    2200 33600 18750 165000 27800

    Total Liabilities and Equity 245150

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