google-site-verification: google9ae3270aaecc4f3c.html google-site-verification: googlebab76b7f4e7171bd.html Everything are recorded for memorizable.......................: Sample Balance Sheet:

Sample Balance Sheet:

Example Company
Balance Sheet

December 31, 2010


ASSETS

LIABILITIES
Current Assets

Current Liabilities

Cash$   2,100 

Notes Payable$   5,000 

Petty Cash100 

Accounts Payable35,900 

Temporary Investments10,000 

Wages Payable8,500 

Accounts Receivable - net40,500 

Interest Payable2,900 

Inventory31,000 

Taxes Payable6,100 

Supplies3,800 

Warranty Liability1,100 

Prepaid Insurance     1,500 

Unearned Revenues     1,500 


Total Current Assets   89,000 


Total Current Liabilities    61,000 
-
Investments   36,000 
Long-term Liabilities





Notes Payable20,000 
Property, Plant & Equipment

Bonds Payable  400,000 

Land5,500 


Total Long-term Liabilities  420,000 

Land Improvements 6,500 





Buildings180,000 





Equipment201,000 
Total Liabilities  481,000 

Less: Accum Depreciation   (56,000)




Prop, Plant & Equip - net  337,000 



-
Intangible Assets

STOCKHOLDERS' EQUITY

Goodwill105,000 

Common Stock110,000 

Trade Names  200,000 

Retained Earnings229,000 


Total Intangible Assets  305,000 

Less: Treasury Stock   (50,000)






Total Stockholders' Equity  289,000 
Other Assets     3,000 



-
Total Assets$770,000 
Total Lia. & Stockholders' Equity$770,000 




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