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    Balance Sheet 2014

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    zelalem nurlign
    The balance sheet summarizes the assets, liabilities, and capital of Tekola Cheru (Mount Olive School) as of June 30, 2022. It shows that the organization has total assets of $18,886,038.52, including current assets of $7,208,838.44 such as cash, accounts receivable, and pre-paid insurance. Total liabilities are $8,841,437.77, including current liabilities like payroll taxes payable. Capital totals $11,538,510.12, consisting of owners' equity, drawings, retained earnings, and net income.

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    Balance Sheet 2014

    Uploaded by

    zelalem nurlign
    13 views2 pages
    The balance sheet summarizes the assets, liabilities, and capital of Tekola Cheru (Mount Olive School) as of June 30, 2022. It shows that the organization has total assets of $18,886,038.52, including current assets of $7,208,838.44 such as cash, accounts receivable, and pre-paid insurance. Total liabilities are $8,841,437.77, including current liabilities like payroll taxes payable. Capital totals $11,538,510.12, consisting of owners' equity, drawings, retained earnings, and net income.

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    The balance sheet summarizes the assets, liabilities, and capital of Tekola Cheru (Mount Olive School) as of June 30, 2022. It shows that the organization has total assets of $18,886,038.52, including current assets of $7,208,838.44 such as cash, accounts receivable, and pre-paid insurance. Total liabilities are $8,841,437.77, including current liabilities like payroll taxes payable. Capital totals $11,538,510.12, consisting of owners' equity, drawings, retained earnings, and net income.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    13 views2 pages

    Balance Sheet 2014

    Uploaded by

    zelalem nurlign
    The balance sheet summarizes the assets, liabilities, and capital of Tekola Cheru (Mount Olive School) as of June 30, 2022. It shows that the organization has total assets of $18,886,038.52, including current assets of $7,208,838.44 such as cash, accounts receivable, and pre-paid insurance. Total liabilities are $8,841,437.77, including current liabilities like payroll taxes payable. Capital totals $11,538,510.12, consisting of owners' equity, drawings, retained earnings, and net income.

    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 2

    Tekola Cheru (Mount Olive School )2015

    Balance Sheet
    June 30, 2022

    ASSETS

    Current Assets
    CASH $ 302,733.99
    CASH AT BANK 6,124,916.08
    ACCOUNT RECIVEBLE 777,950.77
    PRE-PAID INSURANCE 3,237.60

    Total Current Assets 7,208,838.44

    Property and Equipment


    BUILDING 10,982,970.67
    ACCUMULATED DEP.BUILDING (342,991.90)
    FURNITURE 625,982.37
    Accumulated Dep -Furniture (99,481.00)
    EQUIPMENT 49,434.79
    ACCUMULATED DEP.EQUIPMENT (3,977.00)
    COMPUTER 491,094.53
    ACCUMULATED DEP.COMPUTER (25,832.38)

    Total Property and Equipment 11,677,200.08

    Other Assets

    Total Other Assets 0.00

    Total Assets $ 18,886,038.52

    LIABILITIES AND CAPITAL

    PROFIT TAX PAYABLE


    PAYROLL TAX PAYABLE 122,953.83

    12/25/2022 at 19:39:57 Unaudited - For Management Purposes Only


    Tekola Cheru (Mount Olive School )2015
    Balance Sheet
    June 30, 2022

    PENSION PAYABLE 7% 48,860.00


    PENSION PAYABLE 11 % 77,673.59

    Total Current Liabilities

    Long-Term Liabilities 8,841,437.77


    BANK LOAN PAYABLE
    OWNER LOAN PAYABLE

    Total Long-Term Liabilities 0.00

    Total Liabilities 8,841,437.77

    Capital
    OWNERS EQUITY 50,000.00
    OWNERS DRAWING 339,000.00
    RETURNEARING 4,169,603.81
    Net Income 6,979,906.31

    Total Capital 11,538,510.12

    Total Liabilities & Capital $ 20,379,947.89

    12/25/2022 at 19:39:57 Unaudited - For Management Purposes Only

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