Balance Sheet
Fixed Assets
· Equipment/furniture/fixtures: $873.00
· Leasehold improvements: $2,000.00
· Land/buildings: $0
· Auto/truck: $0
· Other fixed assets: $0
Total Fixed Assets = $873.00 (Equipment/furniture/fixtures) + $2,000.00 (Leasehold improvements) = $2,873.00
Total Assets
· Total Current Assets: $15,977.00
· Total Fixed Assets: $2,873.00
· Total Other Assets: $312.00
Total Assets = $15,977.00 (Current Assets) + $2,873.00 (Fixed Assets) + $312.00 (Other Assets) = $19,162.00
Equity
· Cash - owner capital (if a proprietorship or partnership): This needs to be provided. Assuming it\\\\\\\'s the initial cash input minus expenses, it would be $14,000 (initial cash) - $312 (organizational fees) - $873 (equipment/material/labour) = $13,815.00
· General Start-up (organizational costs etc.): $312.00
· Equipment/material/labour (provide details): $873.00
Total Equity = $13,815.00 (Cash - owner capital) + $312.00 (General Start-up) + $873.00 (Equipment/material/labour) = $15,000.00
Total Liabilities and Equity
· Total Liabilities: $10,000.00
· Total Equity: $15,000.00
Total Liabilities and Equity = $10,000.00 (Liabilities) + $15,000.00 (Equity) = $25,000.00
Final Financial Statement
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