| ASSETS
Current Assets
Cash
Marketable securities
Accounts receivable
Less: Allowances for uncollectible accounts
Notes receivable
Merchandise inventory
Prepaid expenses
TOTAL CURRENT ASSETS
Fixed Assets
Factory equipment
Less: Accumulated amortization
Leasehold improvements
Less: Accumulated amortization
TOTAL FIXED ASSETS
Intangible Assets
Organization costs
Trademark
Goodwill
TOTAL INTANGIBLE ASSETS
TOTAL ASSETS
LIABILITIES AND SHAREHOLDERS
EQUITY
Current Liabilities
Accounts payable
Note payable (short-term)
Salaries payable
Taxes payable
TOTAL CURRENT LIABILITIES
Long-Term Liabilities
Long-term note payable 12%
TOTAL LIABILITIES
Shareholders’ Equity
Common stock, 10,000 shares
Retained earnings
Beginning of the year
Current year
TOTAL SHAREHOLDERS’ EQUITY
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY
| $19,780
$64,919
11,706
$77,030
14,308
$26,460
36,800
| $22,790
4,200
19,350
21,500
12,685
4,400
| $84,925
115,935
11,825
| |
ASSETS
Current Assets
Cash
Marketable securities
Accounts receivable
Less: Allowances for uncollectible accounts
Notes receivable
Merchandise inventory
Prepaid expenses
TOTAL CURRENT ASSETS
Fixed Assets
Factory equipment
Less: Accumulated amortization
Leasehold improvements
Less: Accumulated amortization
TOTAL FIXED ASSETS
Intangible Assets
Organization costs
Trademark
Goodwill
TOTAL INTANGIBLE ASSETS
TOTAL ASSETS
LIABILITIES AND SHAREHOLDERS
EQUITY
Current Liabilities
Accounts payable
Note payable (short-term)
Salaries payable
Taxes payable
TOTAL CURRENT LIABILITIES
Long-Term Liabilities
Long-term note payable 12%
TOTAL LIABILITIES
Shareholders’ Equity
Common stock, 10,000 shares
Retained earnings
Beginning of the year
Current year
TOTAL SHAREHOLDERS’ EQUITY
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY$19,780
$64,919
11,706
$77,030
14,308
$26,460
36,800
$53,213 | 62,722
$84,925
115,935
11,825
|
ASSETS
Current Assets
Cash
Marketable securities
Accounts receivable
Less: Allowances for uncollectible accounts
Notes receivable
Merchandise inventory
Prepaid expenses
TOTAL CURRENT ASSETS
Fixed Assets
Factory equipment
Less: Accumulated amortization
Leasehold improvements
Less: Accumulated amortization
TOTAL FIXED ASSETS
Intangible Assets
Organization costs
Trademark
Goodwill
TOTAL INTANGIBLE ASSETS
TOTAL ASSETS
LIABILITIES AND SHAREHOLDERS
EQUITY
Current Liabilities
Accounts payable
Note payable (short-term)
Salaries payable
Taxes payable
TOTAL CURRENT LIABILITIES
Long-Term Liabilities
Long-term note payable 12%
TOTAL LIABILITIES
Shareholders’ Equity
Common stock, 10,000 shares
Retained earnings
Beginning of the year
Current year
TOTAL SHAREHOLDERS’ EQUITY
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY$19,780
$64,919
11,706
$77,030
14,308
$26,460
36,800
$420 | 6,405
5,000
$84,925
115,935
11,825
|
ASSETS
Current Assets
Cash
Marketable securities
Accounts receivable
Less: Allowances for uncollectible accounts
Notes receivable
Merchandise inventory
Prepaid expenses
TOTAL CURRENT ASSETS
Fixed Assets
Factory equipment
Less: Accumulated amortization
Leasehold improvements
Less: Accumulated amortization
TOTAL FIXED ASSETS
Intangible Assets
Organization costs
Trademark
Goodwill
TOTAL INTANGIBLE ASSETS
TOTAL ASSETS
LIABILITIES AND SHAREHOLDERS
EQUITY
Current Liabilities
Accounts payable
Note payable (short-term)
Salaries payable
Taxes payable
TOTAL CURRENT LIABILITIES
Long-Term Liabilities
Long-term note payable 12%
TOTAL LIABILITIES
Shareholders’ Equity
Common stock, 10,000 shares
Retained earnings
Beginning of the year
Current year
TOTAL SHAREHOLDERS’ EQUITY
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY$19,780
$64,919
11,706
$77,030
14,308
$26,460
36,800
$23,790 | 15,115
7,452
6,318
$43,000
63,260
$84,925
115,935
11,825
|
ASSETS
Current Assets
Cash
Marketable securities
Accounts receivable
Less: Allowances for uncollectible accounts
Notes receivable
Merchandise inventory
Prepaid expenses
TOTAL CURRENT ASSETS
Fixed Assets
Factory equipment
Less: Accumulated amortization
Leasehold improvements
Less: Accumulated amortization
TOTAL FIXED ASSETS
Intangible Assets
Organization costs
Trademark
Goodwill
TOTAL INTANGIBLE ASSETS
TOTAL ASSETS
LIABILITIES AND SHAREHOLDERS
EQUITY
Current Liabilities
Accounts payable
Note payable (short-term)
Salaries payable
Taxes payable
TOTAL CURRENT LIABILITIES
Long-Term Liabilities
Long-term note payable 12%
TOTAL LIABILITIES
Shareholders’ Equity
Common stock, 10,000 shares
Retained earnings
Beginning of the year
Current year
TOTAL SHAREHOLDERS’ EQUITY
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY$19,780
$64,919
11,706
$77,030
14,308
$26,460
36,800$23,790
15,115
7,452
6,318
$43,000
63,260
$212,685 |
| ASSETS
Current Assets
Cash
Marketable securities
Accounts receivable
Less: Allowances for uncollectible accounts
Notes receivable
Merchandise inventory
Prepaid expenses
TOTAL CURRENT ASSETS
Fixed Assets
Factory equipment
Less: Accumulated amortization
Leasehold improvements
Less: Accumulated amortization
TOTAL FIXED ASSETS
Intangible Assets
Organization costs
Trademark
Goodwill
TOTAL INTANGIBLE ASSETS
TOTAL ASSETS
LIABILITIES AND SHAREHOLDERS
EQUITY
Current Liabilities
Accounts payable
Note payable (short-term)
Salaries payable
Taxes payable
TOTAL CURRENT LIABILITIES
Long-Term Liabilities
Long-term note payable 12%
TOTAL LIABILITIES
Shareholders’ Equity
Common stock, 10,000 shares
Retained earnings
Beginning of the year
Current year
TOTAL SHAREHOLDERS’ EQUITY
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY$19,780
$64,919
11,706
$77,030
14,308
$26,460
36,800$23,790
15,115
7,452
6,318
$43,000
63,260
$52,675 | 53,750
|
ASSETS
Current Assets
Cash
Marketable securities
Accounts receivable
Less: Allowances for uncollectible accounts
Notes receivable
Merchandise inventory
Prepaid expenses
TOTAL CURRENT ASSETS
Fixed Assets
Factory equipment
Less: Accumulated amortization
Leasehold improvements
Less: Accumulated amortization
TOTAL FIXED ASSETS
Intangible Assets
Organization costs
Trademark
Goodwill
TOTAL INTANGIBLE ASSETS
TOTAL ASSETS
LIABILITIES AND SHAREHOLDERS
EQUITY
Current Liabilities
Accounts payable
Note payable (short-term)
Salaries payable
Taxes payable
TOTAL CURRENT LIABILITIES
Long-Term Liabilities
Long-term note payable 12%
TOTAL LIABILITIES
Shareholders’ Equity
Common stock, 10,000 shares
Retained earnings
Beginning of the year
Current year
TOTAL SHAREHOLDERS’ EQUITY
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY$19,780
$64,919
11,706
$77,030
14,308
$26,460
36,800$23,790
15,115
7,452
6,318
$43,000
63,260
$106,425 | $106,260
