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Sua Balancesheet

Waren Sports Supply's balance sheet shows that as of December 31, 2013 total current assets increased to $374,129.54 from $120,520.38 in 2012, primarily due to increases in cash, accounts receivable, and inventory. Total assets increased to $590,050.54 from $359,625.88. Total current liabilities increased to $145,206.69 from $44,360.89 due to increases in accounts payable, notes payable, wages and salaries payable, and payroll taxes withheld and payable. Total liabilities and stockholders' equity was $590,050.54.

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1K views2 pages

Sua Balancesheet

Waren Sports Supply's balance sheet shows that as of December 31, 2013 total current assets increased to $374,129.54 from $120,520.38 in 2012, primarily due to increases in cash, accounts receivable, and inventory. Total assets increased to $590,050.54 from $359,625.88. Total current liabilities increased to $145,206.69 from $44,360.89 due to increases in accounts payable, notes payable, wages and salaries payable, and payroll taxes withheld and payable. Total liabilities and stockholders' equity was $590,050.54.

Uploaded by

Anonymous vGRnDxUcB
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Waren Sports Supply

Balance Sheet
December 31, 2013 & 2012
2013

2012

108,942.49
45,522.00
2,630.95
198,296.00

11,025.19
11,065.00
3,250.81
101,681.00

24,000.00
374,129.54

120,520.38

Fixed assets
Less accumulated depreciation

332,590.00
116,669.00
215,921.00

320,665.00
81,559.50
239,105.50

Total assets

590,050.54

359,625.88

Liabilities and Stockhodlers' Equity


2013

2012

Current Assets
Cash
Accounts receivable
Less allowance for doubtful accounts
Inventory
Prepaid rent
Marketable securities
Total Current Assets

Current liabilities
Accounts payable
Notes payable
Wages and salaries payable
Payroll taxes withheld and payable
Federal income taxes payable
Interest payable
Total current liabilities

8,767.15
80,000.00

11,279.35

4,057.29
52,184.99
197.26
145,206.69

3,284.54
29,797.00

Stockholders Equity
Common stock
Retained earnings
Total stockholders' equity

225,000.00
90,264.99
315,264.99

225,000.00
90,264.99
315,264.99

460,471.68

359,625.88

Total liabilities and stockholders' equity

44,360.89

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