In: Finance
Balance sheet as on Dec 31 .....
Assets | |
Cash | 1,300 |
Accounts Receivable | 2,480 |
Inventory | 5,800 |
Total Current Assets | 9,580 |
Property and Equipment | 8,400 |
Accumulated depreciation | (2,020) |
Net Fixed Assets | 6,380 |
Total Assets | 15,960 |
Liabilities | |
Accounts Payable | 1,800 |
Total Current Liabilities | 1,800 |
L.T.Debt | 7,800 |
Common Stock | 4990 |
Retained Earnings | 1370 |
Equity | 6,360 |
Total Liabilities & Equity | 15,960 |