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A-2 ABC Company, Inc. Balance SheetABC Company, Inc. Balance Sheet
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| Assets | |
| Current Assests | |
| Cash | $ 5,368 |
| Marketable Securities | 3,090 |
| Accounts Receivable | 235,382 |
| Inventory | 262,582 |
| Prepaid Expenses | 2,870 |
| Total Current Assets | $ 509,292 |
| Property, Plant & Equipment | |
| Land | $ 4,520 |
| Building | 78,540 |
| Less: Accumulated Depreciation | (30,696) |
| Equipment | 18,907 |
| Less: Accumulated Depreciation | ( 7,980) |
| Total Property, Plant and Equipment |
$ 63,291 |
| Total Assets | $ 572,583 |
| Liabilities and Stockholders' Equity |
|
| Current Liabilities | |
| Accounts Payable | $ 224,235 |
| Accrued Expenses | 9,758 |
| Income Tax Payable | 2,040 |
| Current Portion L/T Debt | 3,000 |
| Total Current Liabilities | $ 239,033 |
| Long-Term Liabilities | |
| Mortgage Payable | $ 25,000 |
| Bank Note Payable | 5,000 |
| Total Long Term Liabilities | $ 30,000 |
| Total Liabilities | $ 269,033 |
| Stockholder's Equity | |
| Common Stock ($1 Par) | $ 10,500 |
| Retained Earnings | 293,050 |
| Total Equity | $ 303,550 |
| Total Liabilities and Equity | $ 572,583 |
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