Scribd
Upload
84 views2 pages

BS 1

XXXX Inc.'s balance sheet as of xxxx, 20XX shows current assets of $25,000 including $5,000 of cash, $3,000 in accounts receivable, and $17,000 in inventory. Total fixed assets were $15,000 including $27,000 in equipment less $12,000 in accumulated depreciation. Total assets were $40,000 with current liabilities of $17,000 in accounts payable and $3,000 in long-term debt, and shareholder equity of $7,000 in common stock and $13,000 in retained earnings.

Uploaded by

lorrynorry
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
84 views2 pages

BS 1

XXXX Inc.'s balance sheet as of xxxx, 20XX shows current assets of $25,000 including $5,000 of cash, $3,000 in accounts receivable, and $17,000 in inventory. Total fixed assets were $15,000 including $27,000 in equipment less $12,000 in accumulated depreciation. Total assets were $40,000 with current liabilities of $17,000 in accounts payable and $3,000 in long-term debt, and shareholder equity of $7,000 in common stock and $13,000 in retained earnings.

Uploaded by

lorrynorry
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 2

Sheet1

XXXX Inc.

Balance Sheet As of xxxx, 20XX


ASSETS Current Asset: Cash Accounts Receivable Inventory Amount $5,000 $3,000 $17,000

Fixed Assets: Equipment Less: Accumulated Depreciation Total Asset

$27,000 $12,000

$15,000 $40,000

Page 1

Sheet1

XXXX Inc.

Balance Sheet As of xxxx, 20XX


Liabilities Current Liabilities: Accounts payable Long Term Liabilities: Long-term debt Shareholder Equities: Common stock (1,000 shares) Retained Earning Total Liabilities & Shareholders Equity Amount $17,000

$3,000

$7,000 $13,000 $40,000

Page 2

You might also like