Balance Sheet - Example

Year 1 Year 2 Year 3 Year 4 Year 5

Assets $178,728 $303,284 $406,567 $552,683 $763,363

Current Assets $178,728 $303,284 $406,567 $552,683 $763,363
Cash $19,428 $44,810 $60,527 $91,076 $170,359
Accounts Receivable $159,300 $258,474 $346,040 $461,607 $593,004

Liabilities & Equity $178,728 $303,284 $406,567 $555,683 $766,363

Liabilities $120,327 $194,837 $220,101 $290,563 $372,625
Current Liabilities $120,327 $194,837 $220,101 $290,563 $372,625
Accounts Payable $101,438 $161,854 $212,814 $282,127 $361,171
Income Tax Payable $3,688 $6,214 $7,287 $8,436 $11,454
Sales Tax Payable $0 $0 $0 $0 $0
Short-Term Debt $15,201 $26,769 $0 $0 $0
Prepaid Revenue $0 $0 $0 $0 $0

Equity $58,401 $108,447 $186,466 $265,120 $393,738

Paid-in Capitol $37,500 $37,500 $37,500 $37,500 $37,500
Retained Earnings $0 $20,901 $70,947 $148,966 $227,620
Earnings $20,901 $50,046 $78,019 $78,654 $128,618