LUMBER & BUILDING SUPPLY CO.
DEC 31st, 20XX
Balance Sheet
Cash |
$ 1,896 |
Notes payable, bank |
$ 14,000 |
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Notes receivables |
$ 4,876 |
Notes receivable, discounted |
$ 4,842 |
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Accounts receivables |
$ 97,456 |
Accounts payable |
$ 152,240 |
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Inventory |
$ 156,822 |
Accruals |
$ 5,440 |
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Total Current Assets |
$ 261,050 |
Total Current Liabilities |
$ 176,522 |
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Land and buildings |
$ 46,258 |
Mortgage (Loans) |
$ 10,000 |
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Equipment and fixtures |
$ 11,458 |
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Prepaid expenses |
$ 1,278 |
Total Liabilities |
$ 186,522 |
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Networth |
$ 133,522 |
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Total Assets |
$ 320,044 |
Total Liabilities and Networth |
$ 320,044 |