[Company Name] Balance Sheet

Assets
Current Assets
Cash 2,950,000
Accounts receivable 95,000
Allowance for Doubtful Accounts (10,000)
Merchandise Inventory 60,000
Supplies 5,000
Prepaid Insurance 3,450,000
Total current assets 6,550,000
Non-Current Assets
Land 5,000,000
Building 4,000,000
Accumulated Depreciation- Building (395,000)
Machinery and Equipment 300,000
Accumulated Depreciation-Machinery and Equipment (29,000)
Furnitures and Fixtures 100,000
Accumulated Depreciation-Furnitures and Fixtures (9,000)
Total fixed assets 8,967,000

Total Assets 15,517,000

[42]

Liabilities and Owner's Equity

Current Liabilities
Accounts payable (255,000)
Utilities Payable (78,000)
Interest Payable (10,000)
Total current liabilities (343,000)
Long-Term Liabilities
Notes Payable (Long-term) (2,674,000)
Total long-term liabilities (2,674,000)
Owner's Equity
Euvgenia,Capital (11,000,000)
Net Income (1,500,000)
Other
Total owner's equity (12,500,000)

Total Liabilities and Owner's Equity - (15,517,000)

{42}
 Euvgenia Artamonova
Income Statement
For the Year Ended December 31,2016

ACCOUNT TITLES DEBIT CREDIT

Cash
Account Receivables
Allowance for Doubtful Accounts
Merchandise Inventory
Supplies
Prepaid Insurance
Land
Building
Accumulated Depreciation-Building
Machinery and Equipment
Accumulated Depreciation-Machinery and Equipment
Furnitures and Fixtures
Accumulated Depreciation-Furnitures and Fixtures
Accounts Payable
Utilities Payable
Interest Payable
Notes Payable (Long-Term)
Euvgenia, Capital
Sales Revenue 7,266,000
Cost of Sales 3,000,000
Utilities Expense 358,000
Interest Expense 10,000
Supplies Expense 75,000
Insurance Expense 1,000,000
Salaries Expense 800,000
Depreciation Expense 433,000
Commission Expense 80,000
Doubtful Accounts Expense 10,000
5,766,000 7,266,000
1,500,000
7,266,000 7,266,000
 ACCOUNT TITLES
Cash
Account Receivables
Allowance for Doubtful Accounts
Merchandise Inventory
Supplies
Prepaid Insurance
Land
Building
Accumulated Depreciation-Building
Machinery and Equipment
Accumulated Depreciation-Machinery and Equipment
Furnitures and Fixtures
Accumulated Depreciation-Furnitures and Fixtures
Accounts Payable
Utilities Payable
Interest Payable
Notes Payable (Long-Term)
Euvgenia, Capital
Sales Revenue
Cost of Sales
Utilities Expense
Interest Expense
Supplies Expense
Insurance Expense
Salaries Expense
Depreciation Expense
Commission Expense
Doubtful Accounts Expense
Balance Sheet Template
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