Balance Sheet As of Dec. 31, 2021 Assets 2021 2020 Cash and Equivalents 162,899 155,700 Accounts Receivable 405,000 450,
Posted: Wed Jul 06, 2022 6:26 am
Balance Sheet
As of Dec. 31, 2021
Assets
2021
2020
Cash and Equivalents
162,899
155,700
Accounts Receivable
405,000
450,000
Inventory
836,000
715,200
Total Current Assets
??
??
Plant & Equipment
582,000
505,000
Accumulated Depreciation
165,000
140,000
Net Fixed Assets
417,000
365,000
Total Assets
??
??
Liabilities and Owner's Equity
Accounts Payable
275,200
245,000
Short-term Notes Payable
210,000
18,000
Other Current Liabilities
??
??
Total Current Liabilities
??
??
Long-term Debt
464,711
623,132
Total Liabilities
1,089,911
1,022,132
Common Stock
460,000
460,000
Retained Earnings
225,988
203,768
Total Shareholder's Equity
685,988
663,768
Total Liabilities and Owner'sEquity
1,775,899
1,685,900
As of Dec. 31, 2021
Assets
2021
2020
Cash and Equivalents
162,899
155,700
Accounts Receivable
405,000
450,000
Inventory
836,000
715,200
Total Current Assets
??
??
Plant & Equipment
582,000
505,000
Accumulated Depreciation
165,000
140,000
Net Fixed Assets
417,000
365,000
Total Assets
??
??
Liabilities and Owner's Equity
Accounts Payable
275,200
245,000
Short-term Notes Payable
210,000
18,000
Other Current Liabilities
??
??
Total Current Liabilities
??
??
Long-term Debt
464,711
623,132
Total Liabilities
1,089,911
1,022,132
Common Stock
460,000
460,000
Retained Earnings
225,988
203,768
Total Shareholder's Equity
685,988
663,768
Total Liabilities and Owner'sEquity
1,775,899
1,685,900