Balance Sheet Budget vs Actual

Topics: Generally Accepted Accounting Principles, Balance sheet, Accounts receivable Pages: 1 (268 words) Published: March 9, 2015
Wild Water Sports Ch 10A

Balance Sheet Budget vs. Actual
As of April 30, 2016
Apr 30, 16
ASSETS
Current Assets
Checking/Savings
Bank of Florida
Short-Term Investments

$ Over Budget

% of Budget

76,237.45
19,600.00

60,000.00
30,000.00

16,237.45
-10,400.00

127.1%
65.3%

Total Checking/Savings

95,837.45

90,000.00

5,837.45

106.5%

Accounts Receivable
Accounts Receivable

492,017.50

500,000.00

-7,982.50

98.4%

Total Accounts Receivable

492,017.50

500,000.00

-7,982.50

98.4%

Other Current Assets
Inventory Boats
Inventory Parts
Prepaid Advertising
Prepaid Insurance
Undeposited Funds

273,000.00
2,052.00
18,000.00
14,667.00
0.00

290,000.00
2,000.00
18,000.00
14,250.00

-17,000.00
52.00
0.00
417.00

94.1%
102.6%
100.0%
102.9%

Total Other Current Assets

307,719.00

324,250.00

-16,531.00

94.9%

Total Current Assets

895,573.95

914,250.00

-18,676.05

98.0%

Fixed Assets
Furniture and Equipment
Accumulated Depreciation

307,000.00
-21,703.00

307,000.00
-21,250.00

0.00
-453.00

100.0%
102.1%

Total Fixed Assets

285,297.00

285,750.00

-453.00

99.8%

1,180,870.95

1,200,000.00

-19,129.05

98.4%

297,000.00

345,200.00

-48,200.00

86.0%

297,000.00

345,200.00

-48,200.00

86.0%

TOTAL ASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable
Total Accounts Payable
Credit Cards
MasterCard

0.00

Total Credit Cards

0.00

Other Current Liabilities
Unearned Revenue
Accrued Liabilities
Payroll Liabilities
Sales Tax Payable

16,250.00
1,995.52
3,370.36
26,044.85

2,000.00
3,000.00
30,000.00

-4.48
370.36
-3,955.15

99.8%
112.3%
86.8%

Total Other Current Liabilities

47,660.73

35,000.00

12,660.73

136.2%

Total Current Liabilities

344,660.73

380,200.00

-35,539.27

90.7%

Long Term Liabilities
Loan...
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