Sample Balance Sheet

Topics: Generally Accepted Accounting Principles, Balance sheet, Asset Pages: 3 (393 words) Published: July 25, 2013
Sample 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 |
|

sample income statement in the multiple-step format:

Sample Products Co.
Income Statement
For the Five Months Ended May 31, 2012|
|
Sales| | $100,000 |
Cost of goods sold| |     75,000 |
| Gross profit| |     25,000 |
|
Operating expenses| |
|...
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