Balance sheet as of assets liabilities cash 20100

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Balance Sheet As of March 31, 2013 Assets Liabilities Cash $ 20,100 Notes Payable $ 120,000 Computer $ 12,000 Equipment $ 29,900 Equity Improvements $ 68,000 Common Stock $ 10,000 Total Assets $ 130,000 Total Liabilities & Equity $ 130,000 Island Foods, Inc. Balance Sheet As of December 31, 2013 Assets Liabilities Cash $ 63,000 Accounts Payable $ 9,000 A/R $ 3,000 Wages Payable $ 1,100 Prepaid Insurance $ 13,500 Interest Payable $ 6,750 Computer $ 12,000 Taxes Payable $ 7,496 Equipment $ 29,900 Utilities Payable $ 1,000 Improvements $ 68,000 Notes Payable $ 120,000 Accumulated Depreciation $ (16,575) Total Liabilities $ 145,346 Equity Common Stock $ 10,000 Retained Earnings $ 17,479 Total Assets $ 172,825 Total Liabilities & Equity $ 172,825
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Island Foods, Inc. Balance Sheet As of December 31, 2014 Assets Liabilities Cash $ 105,504 Accounts Pay A/R $ 5,000 Wages Payabl Prepaid Insur $ 7,500 Interest Payab Computer $ 12,000 Taxes Payable Equipment $ 29,900 Utilities Paya Improvements $ 68,000 Notes Payable Accumulated $ (38,675) Total Liabilities Equity Common Stoc Retained Earn Total Assets $ 189,229 Total Liabilities & Equity
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$ 12,000 $ 1,400 $ 6,075 $ 0 $ 1,000 $ 108,000 $ 128,475 $ 10,000 $ 50,754 $ 189,229
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Depreciation: 5-Year Equipment $ 26,000 Cost $ 433.33 Monthly Depreciation 3-Year Equipment $ 3,900 Cost $ 108.33 Monthly Depreciation 6-Year Computer $ 12,000 Cost $ 166.67 Monthly Depreciation Improvments $ 68,000 Cost 5-year Lease $ 1,133.33 Monthly Depreciation 2,013 $ 16,575.00 Interest Expense 2,013 $ 6,750.00
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  • Fall '19
  • Balance Sheet, Generally Accepted Accounting Principles, Island Foods, Inc

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