As of December 2006 | |||||
______________________________________________________________________________ | |||||
| Assets | |||||
| Cash Accounts | |||||
| Checking Account | $13,719.83 | ||||
| Petty Cash | $100.00 | ||||
| Total Cash Accounts | $13,819.83 | ||||
| Inventory | |||||
| Raw Materials | $3,400.00 | ||||
| Finished Goods | $75,141.50 | ||||
| Total Inventory | $78,541.50 | ||||
| Accounts Receivable | $37,264.78 | ||||
| Deposits Paid Vendors | $100.00 | ||||
| Office Equipment | |||||
| Office Equip., Original Cost | $12,000.00 | ||||
| Office Equip., Amortization | ($4,125.00) | ||||
| Total Office Equipment | $7,875.00 | ||||
| Vehicles, Original Cost | $32,000.00 | ||||
| Vehicles, Amortization | ($17,000.00) | ||||
| Total Vehicles | $15,000.00 | ||||
| Other Assets | $500.00 | ||||
| Total Assets | $153,101.11 | ||||
| Liabilities | |||||
| Credit Cards | |||||
| American Express | $3,200.00 | ||||
| Visa | $1,000.00 | ||||
| Total Credit Cards | $4,200.00 | ||||
| Accounts Payable | $10,627.02 | ||||
| Bank Indebtedness | $100,000.00 | ||||
| Tax Liabilities | |||||
| Tax 1 Collected | $2,414.58 | ||||
| Tax 2 Collected | $2,348.68 | ||||
| Total Tax Liabilities | $4,763.26 | ||||
| Payroll Liabilities | |||||
| Payroll Liabilities | $13,919.25 | ||||
| Payroll Tax Payable | $105.00 | ||||
| Vacation Payable | $1,267.50 | ||||
| Total Payroll Liabilities | $15,291.75 | ||||
| Deposits from Customers | $500.00 | ||||
| Total Liabilities | $135,382.03 | ||||
| Equity | |||||
| Paid in Capital | $110,000.00 | ||||
| Retained Earnings | ($88,510.92) | ||||
| Current Year Earnings | ($3,770.00) | ||||
| Total Equity | $17,719.08 | ||||
| Total Liability & Equity | $153,101.11 | ||||