Company Balance Sheets

Your Company Name Balance Sheets Date

Assets Current assets: Cash Investments Inventories Accounts receivable Pre-paid expenses Other Total current assets Fixed assets: Property and equipment Leasehold improvements Equity and other investments Less accumulated depreciation Net fixed assets Other assets Goodwill Total other assets Total assets Liabilities and owner's equity Current liabilities: Accounts payable Accrued wages Accrued compensation Income taxes payable Unearned revenue Other Total current liabilities Long-term liabilities Mortgage payable Total long-term liabilities

2004

2005

-

-

-

-

$-

$-

-

-

-

-

$-

$-

-

-

$-

$-

-

-

$-

$-

-

-

Owner's equity Investment capital Accumulated retained earnings Total owner's equity

-

-

$-

$-

Total liabilities and stockholders' equity

$-

$-

Balance Sheet The fundamental element of a balance sheet is that assets equal liabilities plus owner's equity. If the box to the right equals TRUE then congratulations, your balance sheet balances. This box and the formulas to the right will not print.

Balance Sheet The fundamental element of a balance sheet is that assets equal liabilities plus owner's equity. If the box to the right equals TRUE then congratulations, your balance sheet balances. This box and the formulas to the right will not print.

Balanced?

TRUE

TRUE

Accumulated depreciationshould shouldbe be depreciated entered as a negative value. This box will not be printed.