Balance Sheet
Example Company
Balance Sheet
December 31, 2011
ASSETS LIABILITIES
Current Assets Current Liabilities Cash
$ 2,100 Notes Payable
$ 5,000 Petty Cash
100 Accounts Payable
35,900
Temporary Investments
10,000 Wages Payable
8,500
Accounts Receivable - net
40,500 Interest Payable
2,900
Inventory
31,000 Taxes Payable
6,100
Supplies
3,800 Warranty Liability
1,100
Prepaid Insurance 1,500 Unearned Revenues 1,500 Total Current Assets 89,000 Total Current Liabilities 61,000
-
Investments 36,000 Long-term Liabilities Notes Payable
20,000
Property, Plant & Equipment Bonds Payable 400,000 Land
5,500 Total Long-term Liabilities 420,000 Land Improvements
6,500
Buildings
180,000
Equipment
201,000 Total Liabilities 481,000 Less: Accum Depreciation (56,000) Prop, Plant & Equip - net 337,000
-
Intangible Assets STOCKHOLDERS' EQUITY Goodwill
105,000 Common Stock
110,000
Trade Names 200,000 Retained Earnings
229,000
Total Intangible Assets 305,000 Less: Treasury Stock (50,000) Total Stockholders' Equity 289,000
Other Assets 3,000
-
Total Assets $770,000 Total Liab. & Stockholders' Equity $770,000
Every is divided into three main parts - assets, liabilities, and shareholder equity.
• Assets are anything that have value. Your house, car, checking account, and the antique china set your grandma gave you are all assets. Companies figure up the dollar value of everything they own and put it under the asset side of the balance sheet.
• Liabilities are the opposite of assets. They are anything that costs a company money. Liabilities include monthly rent payments, utility bills, the mortgage on the building, corporate credit card debt, and any bonds the company has issued.
• Shareholder equity is the difference between assets and liability; it tells you the
Balance Sheet
December 31, 2011
ASSETS LIABILITIES
Current Assets Current Liabilities Cash
$ 2,100 Notes Payable
$ 5,000 Petty Cash
100 Accounts Payable
35,900
Temporary Investments
10,000 Wages Payable
8,500
Accounts Receivable - net
40,500 Interest Payable
2,900
Inventory
31,000 Taxes Payable
6,100
Supplies
3,800 Warranty Liability
1,100
Prepaid Insurance 1,500 Unearned Revenues 1,500 Total Current Assets 89,000 Total Current Liabilities 61,000
-
Investments 36,000 Long-term Liabilities Notes Payable
20,000
Property, Plant & Equipment Bonds Payable 400,000 Land
5,500 Total Long-term Liabilities 420,000 Land Improvements
6,500
Buildings
180,000
Equipment
201,000 Total Liabilities 481,000 Less: Accum Depreciation (56,000) Prop, Plant & Equip - net 337,000
-
Intangible Assets STOCKHOLDERS' EQUITY Goodwill
105,000 Common Stock
110,000
Trade Names 200,000 Retained Earnings
229,000
Total Intangible Assets 305,000 Less: Treasury Stock (50,000) Total Stockholders' Equity 289,000
Other Assets 3,000
-
Total Assets $770,000 Total Liab. & Stockholders' Equity $770,000
Every is divided into three main parts - assets, liabilities, and shareholder equity.
• Assets are anything that have value. Your house, car, checking account, and the antique china set your grandma gave you are all assets. Companies figure up the dollar value of everything they own and put it under the asset side of the balance sheet.
• Liabilities are the opposite of assets. They are anything that costs a company money. Liabilities include monthly rent payments, utility bills, the mortgage on the building, corporate credit card debt, and any bonds the company has issued.
• Shareholder equity is the difference between assets and liability; it tells you the