Sample Balance Sheet
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
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