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    8.8 Projected Balance Sheet Statement Assets Debit Credit Current Assets

    Uploaded by

    Czarmel Anne CB
    This document contains a projected balance sheet for Year 1. It lists current assets totaling $31,156,180 including cash, prepaid insurance, and provisions. Non-current assets total $13,444,000 and include land, buildings, equipment, trucks, and their accumulated depreciation. Total assets are $44,600,180. Liabilities include a $18,000,000 loan and $5,000,000 in contributed capital. Owner's equity is $21,600,180 in retained earnings/sales, with total liabilities and owner's equity equaling the total assets.

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    8.8 Projected Balance Sheet Statement Assets Debit Credit Current Assets

    Uploaded by

    Czarmel Anne CB
    57 views2 pages
    This document contains a projected balance sheet for Year 1. It lists current assets totaling $31,156,180 including cash, prepaid insurance, and provisions. Non-current assets total $13,444,000 and include land, buildings, equipment, trucks, and their accumulated depreciation. Total assets are $44,600,180. Liabilities include a $18,000,000 loan and $5,000,000 in contributed capital. Owner's equity is $21,600,180 in retained earnings/sales, with total liabilities and owner's equity equaling the total assets.

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    Ice cream balance sheet sample

    Original Title

    Balance sheet examples

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    This document contains a projected balance sheet for Year 1. It lists current assets totaling $31,156,180 including cash, prepaid insurance, and provisions. Non-current assets total $13,444,000 and include land, buildings, equipment, trucks, and their accumulated depreciation. Total assets are $44,600,180. Liabilities include a $18,000,000 loan and $5,000,000 in contributed capital. Owner's equity is $21,600,180 in retained earnings/sales, with total liabilities and owner's equity equaling the total assets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    57 views2 pages

    8.8 Projected Balance Sheet Statement Assets Debit Credit Current Assets

    Uploaded by

    Czarmel Anne CB
    This document contains a projected balance sheet for Year 1. It lists current assets totaling $31,156,180 including cash, prepaid insurance, and provisions. Non-current assets total $13,444,000 and include land, buildings, equipment, trucks, and their accumulated depreciation. Total assets are $44,600,180. Liabilities include a $18,000,000 loan and $5,000,000 in contributed capital. Owner's equity is $21,600,180 in retained earnings/sales, with total liabilities and owner's equity equaling the total assets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    8.

    8 Projected Balance Sheet Statement Year 1


    ASSETS Debit Credit
    Current Assets:
    Cash and Cash Equivalents
    30,211,180.00
    Accounts Receivable Trade -
    Finished Goods/Products -
    Raw Materials Inventory -
    Work in Process Inventory -
    Prepaid Insurance- Building
    180,000.00
    Prepaid Insurance-Refrigerated Freeze Trucks
    180,000.00
    Prepaid Insurance- Ice Cream Machine
    360,000.00
    Prepaid Insurance- Electric Generator
    225,000.00
    General Provision for Credit Losses -
    Prepayments -
    Total Current Assets
    31,156,180.00
    Non-current Assets:
    Land
    2,000,000.00
    Building
    2,000,000.00
    Accumulated Dep- Building
    100,000.00
    Building, net
    1,900,000.00
    Electric Generator
    2,500,000.00
    Accumulated Depreciation-Electric Generator
    100,000.00
    Electric Generator, Net
    2,400,000.00
    Ice Cream Maker/ Ice Cream Machine
    2,000,000.00
    Accumulated Depreciation-Ice Cream Maker
    100,000.00
    Ice Cream Maker/ Ice Cream Machine, Net
    1,900,000.00
    Ice Cream Freezer
    400,000.00
    Accumulated Depreciation-Ice Cream Freezer
    20,000.00
    Ice Cream Freezer, Net
    380,000.00
    Ingredient Feeders
    320,000.00
    Accumulated Depreciation-Ingredient Feeders
    16,000.00
    Ingredient Feeders, Net
    304,000.00
    Filling Equipment
    800,000.00
    Accumulated Depreciation-Filling Equipment
    40,000.00
    Filling Equipment, Net
    760,000.00
    Refrigerated Freeze Trucks
    4,000,000.00
    Accumulated Depreciation- Refrigerated Freeze Trucks
    200,000.00
    Refrigerated Freeze Trucks, Net
    3,800,000.00
    Total Non-Current Assets
    13,444,000.00
    Total Assets
    44,600,180.00
    LIABILITIES AND EQUITIES

    Liabilities:
    Loan
    18,000,000.00
    Contributed Capital
    5,000,000.00
    Equities:
    Retained Earnings/sales
    21,600,180.00
    Total Liabilities and Owner's Equity
    44,600,180.00

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