Example Balance Sheet

EXAMPLE DEALER, INC.

Balance Sheet

December 31, XXXX

1	ASSETS
2	CURRENT ASSETS:
3	Cash	$ 30,300
4	Accounts Receivable	109,700
5	Employee Receivables	2,400
6	Notes Receivables	4,600
7	Prepaid Expenses	6,800
8	Costs & Estimated Earnings in Excess of Billings	36,200
9	Inventory	83,000
10	Total Current Assets	$273,000
11	FIXED ASSETS
12	Building	$ 82,000
13	Office Furniture & Equipment	9,800
14	Machinery & Equipment	16,200
15	Autos & Trucks	73,600
16	Leasehold Improvements	12,400
17	Total Depreciable Assets	$194,000
18	Less: Accumulated Depreciation	$ 87,000
19	Net Book Value	$107,000
20	Plus: Land	$ 43,000
21	Total Fixed Assets	$150,000
22	OTHER ASSETS
23	Cash Surrender Value, Officer’ Life Insurance	$ 4,600
24	Deposits	5,400
25	Total Other Assets	$ 10,000
26	TOTAL ASSETS		$433,000
27	LIABILITIES & NET WORTH
28	CURRENT LIABILITIES
29	Accounts Payable	$ 80,100
30	Notes Payable, Current Portion	17,000
31	Taxes Payable	1,200
32	Accrued Salaries & Wages	850
33	Billings on Incomplete Contracts in Excess of Costs	43,000
34	Reserve for Start-Up & Warranty Service	12,500
35	Reserve for Service Contracts	16,200
36	Total Current Liabilities	$160,850
37	LONG TERM LIABILITIES
38	Notes Payable	$ 54,000
39	Less: Current Portion	(17,000)
40	Total Long-Term Liabilities	$ 37,000
41	Total Liabilities	$197,850
42	NET WORTH
43	Capital Stock	$ 10,000
44	Paid in Capital	35,700
45	Retained Earnings	189,450
46	Total Net Worth	$ 235,150
47	TOTAL LIABILITIES & NET WORTH		$433,000

LIABILITIES & NET WORTH