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    Balance Sheet: Larry's Landscaping & Garden Supply

    Uploaded by

    Belle B.
    This balance sheet shows the financial position of Larry's Landscaping & Garden Supply as of December 15, 2020. It lists current assets of $148,919.85 including $105,462.75 in cash and savings accounts and $35,810.02 in accounts receivable. Fixed assets include a truck valued at $12,025. Total assets are $160,944.85. Current liabilities are $9,440.53, including $1,879.57 in accounts payable and $1,473.99 in credit cards. Long-term liabilities are $29,857.03, including loans. Total equity is $121,647.29, with opening balance equity of $151

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    Balance Sheet: Larry's Landscaping & Garden Supply

    Uploaded by

    Belle B.
    525 views2 pages
    This balance sheet shows the financial position of Larry's Landscaping & Garden Supply as of December 15, 2020. It lists current assets of $148,919.85 including $105,462.75 in cash and savings accounts and $35,810.02 in accounts receivable. Fixed assets include a truck valued at $12,025. Total assets are $160,944.85. Current liabilities are $9,440.53, including $1,879.57 in accounts payable and $1,473.99 in credit cards. Long-term liabilities are $29,857.03, including loans. Total equity is $121,647.29, with opening balance equity of $151

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    Balance Sheet

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    This balance sheet shows the financial position of Larry's Landscaping & Garden Supply as of December 15, 2020. It lists current assets of $148,919.85 including $105,462.75 in cash and savings accounts and $35,810.02 in accounts receivable. Fixed assets include a truck valued at $12,025. Total assets are $160,944.85. Current liabilities are $9,440.53, including $1,879.57 in accounts payable and $1,473.99 in credit cards. Long-term liabilities are $29,857.03, including loans. Total equity is $121,647.29, with opening balance equity of $151

    Copyright:

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

    Balance Sheet: Larry's Landscaping & Garden Supply

    Uploaded by

    Belle B.
    This balance sheet shows the financial position of Larry's Landscaping & Garden Supply as of December 15, 2020. It lists current assets of $148,919.85 including $105,462.75 in cash and savings accounts and $35,810.02 in accounts receivable. Fixed assets include a truck valued at $12,025. Total assets are $160,944.85. Current liabilities are $9,440.53, including $1,879.57 in accounts payable and $1,473.99 in credit cards. Long-term liabilities are $29,857.03, including loans. Total equity is $121,647.29, with opening balance equity of $151

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    11:05 PM Larry's Landscaping & Garden Supply

    12/15/20 Balance Sheet


    Accrual Basis As of December 15, 2020

    Dec 15, 20
    ASSETS
    Current Assets
    Checking/Savings
    Checking 99,250.02
    Cash Expenditures 225.23
    Savings 5,987.50

    Total Checking/Savings 105,462.75

    Accounts Receivable
    Accounts Receivable 35,810.02

    Total Accounts Receivable 35,810.02

    Other Current Assets


    Prepaid Insurance 500.00
    Employee advances 100.00
    Inventory Asset 6,937.08
    Undeposited Funds 110.00

    Total Other Current Assets 7,647.08

    Total Current Assets 148,919.85

    Fixed Assets
    Truck
    Accumulated Depreciation -1,725.00
    Original Purchase 13,750.00

    Total Truck 12,025.00

    Total Fixed Assets 12,025.00

    TOTAL ASSETS 160,944.85

    LIABILITIES & EQUITY


    Liabilities
    Current Liabilities
    Accounts Payable
    Accounts Payable 1,879.57

    Total Accounts Payable 1,879.57

    Credit Cards
    CalOil Card 1,403.99
    QuickBooks Credit Card
    QBCC Field Office 45.00
    QBCC Home Office 25.00

    Total QuickBooks Credit Card 70.00

    Total Credit Cards 1,473.99

    Other Current Liabilities


    Payroll Liabilities 5,520.47
    Payments on Account -1,520.00
    Sales Tax Payable 2,086.50

    Total Other Current Liabilities 6,086.97

    Total Current Liabilities 9,440.53

    Long Term Liabilities


    Bank of Anycity Loan 19,932.65
    Equipment Loan 3,911.32
    Bank Loan 6,013.06

    Total Long Term Liabilities 29,857.03

    Total Liabilities 39,297.56

    isabelle banadera Page 1


    11:05 PM Larry's Landscaping & Garden Supply
    12/15/20 Balance Sheet
    Accrual Basis As of December 15, 2020

    Dec 15, 20
    Equity
    Opening Bal Equity 151,970.07
    Owner's Equity
    Owner's Draw -5,000.00

    Total Owner's Equity -5,000.00

    Retained Earnings -40,118.74


    Net Income 14,795.96

    Total Equity 121,647.29

    TOTAL LIABILITIES & EQUITY 160,944.85

    isabelle banadera Page 2

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