The document presents an assets and liabilities statement for a company with total assets of $6,560,400 consisting of current assets of $860,400 and non-current assets of $5,700,000. Total liabilities are $3,308,400 with owners' equity of $3,252,000.
The document presents an assets and liabilities statement for a company with total assets of $6,560,400 consisting of current assets of $860,400 and non-current assets of $5,700,000. Total liabilities are $3,308,400 with owners' equity of $3,252,000.
The document presents an assets and liabilities statement for a company with total assets of $6,560,400 consisting of current assets of $860,400 and non-current assets of $5,700,000. Total liabilities are $3,308,400 with owners' equity of $3,252,000.
The document presents an assets and liabilities statement for a company with total assets of $6,560,400 consisting of current assets of $860,400 and non-current assets of $5,700,000. Total liabilities are $3,308,400 with owners' equity of $3,252,000.
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ASSETS
Note Current Assets: Cash and cash equivalents 1 266,400.00 Trade and other receivables 2 207,600.00 Prepaid Expenses 3 386,400.00 Total current assets 860,400.00
Noncurrent Assets: Property, plant and equipment 4 5,700,000.00 Total noncurrent assets 5,700,000.00 Total assets 6,560,400.00
LIABILITIES AND OWNER'S EQUITY
Current liabilities: Trade and other payables 5 788,400.00 Total current liabilities 788,400.00
Noncurrent Liabilities Notes Payable 2,520,000.00 Total noncurrent liabilities 2,520,000.00 Total Liabilities 3,308,400.00
Owners' equity JL, Capital 3,252,000.00 Total owner's equity 3,252,000.00 Total Liabilities and owner's equity 6,560,400.00
Assets Current Assets Cash 266,400 Accounts Receivable 207,600 Supplies 180,000 Prepaid Rent 48,000 Prepaid Insurance 158,400 Total Current Assets 860,400 Property and Equipment (Net) Service Vehicles 5,040,000 Less: Accumulated Depreciation 48,000 4,992,000 Office Equipment 720,000 Less: Accumulated Depreciation 12,000 708,000 5,700,000 Total Assets 6,560,400
Liabilities Current liabilities Notes Payable 2,520,000 Accounts payable 636,000 Salaries Payable 21,600 Utilities payable 16,800 Interest payable 42,000 Unearned referral revenue 72,000 Total current liabilities 3,308,400
Owner's Equity Capital, 12/31/2020 3,252,000 Total Liabilities and Owner's Equity 6,560,400 Note 1 - Cash and cash equivalents Cash 266,400.00
