Details
Details
October 2007 through December 2007 | ||||||
| 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 | $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 | |||
| ____________ | ____________ | ____________ | ||||