October 2005 through December 2005 | |||||
| October | November | December | |||
___________________________________________________________________________ | |||||
| Assets | |||||
| Cash Accounts | |||||
| Checking Account | $13,719.83 | $13,719.83 | $13,719.83 | ||
| Petty Cash | $100.00 | $100.00 | $100.00 | ||
| Total Cash Accounts | $13,819.83 | $13,819.83 | $13,819.83 | ||
| Inventory | |||||
| Raw Materials | $3,400.00 | $3,400.00 | $3,400.00 | ||
| Finished Goods | $75,141.50 | $75,141.50 | $75,141.50 | ||
| Total Inventory | $78,541.50 | $78,541.50 | $78,541.50 | ||
| Accounts Receivable | $37,264.78 | $37,264.78 | $37,264.78 | ||
| Deposits Paid Vendors | $100.00 | $100.00 | $100.00 | ||
| Office Equipment | |||||
| Office Equip., Original Cost | $12,000.00 | $12,000.00 | $12,000.00 | ||
| Office Equip., Amortization | ($4,125.00) | ($4,125.00) | ($4,125.00) | ||
| Total Office Equipment | $7,875.00 | $7,875.00 | $7,875.00 | ||
| Vehicles | |||||
| Vehicles, Original Cost | $32,000.00 | $32,000.00 | $32,000.00 | ||
| Vehicles, Amortization | $(17,000.00) | $(17,000.00) | $(17,000.00) | ||
| Total Vehicles | $15,000.00 | $15,000.00 | $15,000.00 | ||
| Other Assets | $500.00 | $500.00 | $500.00 | ||
| Total Assets | $153,101.11 | $153,101.11 | $153,101.11 | ||
| Liabilities | |||||
| Credit Cards | |||||
| American Express | $3,200.00 | $3,200.00 | $3,200.00 | ||
| Visa | $1,000.00 | $1,000.00 | $1,000.00 | ||
| Total Credit Cards | $4,200.00 | $4,200.00 | $4,200.00 | ||
| Accounts Payable | $10,627.02 | $10,627.02 | $10,627.02 | ||
| Bank Indebtedness | $100,000.00 | $100,000.00 | $100,000.00 | ||
| Tax Liabilities | |||||
| Tax 1 Collected | $2,414.58 | $2,414.58 | $2,414.58 | ||
| Tax 2 Collected | $2,348.68 | $2,348.68 | $2,348.68 | ||
| Total Tax Liabilities | $4,763.26 | $4,763.26 | $4,763.26 | ||
| Payroll Liabilities | |||||
| Payroll Liabilities | $13,919.25 | $13,919.25 | $13,919.25 | ||
| Payroll Tax Payable | $105.00 | $105.00 | $105.00 | ||
| Vacation Payable | $1,267.50 | $1,267.50 | $1,267.50 | ||
| Total Payroll Liabilities | $15,291.75 | $15,291.75 | $15,291.75 | ||
| Deposits from Customers | $500.00 | $500.00 | $500.00 | ||
| Total Liabilities | $135,382.03 | $135,382.03 | $135,382.03 | ||
| Equity | |||||
| Paid in Capital | $110,000.00 | $110,000.00 | $110,000.00 | ||
| Retained Earnings | ($88,510.92) | ($88,510.92) | ($88,510.92) | ||
| Current Year Earnings | $(3,770.00) | ($3,770.00) | ($3,770.00) | ||
| Total Equity | $17,719.08 | $17,719.08 | $17,719.08 | ||
| ____________ | ____________ | ____________ | |||
| Total Liability & Equity | $153,101.11 | 153,101.11 | $153,101.11 | ||