Bookkeeping outsourcing services. Report completed by IGS Bookkeeping services
SILVER CASCADE INC
Balance Sheet Standard
As of December 15, 2009
15-Dec-09
ASSETS
Current Assets
Checking/Savings
Checking 97,510.02
Cash Expenditures 225.23
Savings 5,887.50
Total Checking/Savings 103,622.75
Accounts Receivable
Accounts Receivable 35,810.02
Total Accounts Receivable 35,810.02
Other Current Assets
Prepaid Insurance 500.00
Employee advances 100.00
Inventory Asset 9,437.08
Undeposited Funds 110.00
Total Other Current Assets 10,147.08
Total Current Assets 149,579.85
Fixed Assets
Truck
Accumulated Depreciation -1,725.00
Original Purchase 13,750.00
Total Truck 12,025.00
Total Fixed Assets 12,025.00
TOTAL ASSETS 161,604.85
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable 2,554.57
Total Accounts Payable 2,554.57
Credit Cards
CalOil Card 1,403.99
QuickBooks Credit Card
QBCC Field Office 45.00
QBCC Home Office 25.00
Total QuickBooks Credit Card 70.00
Total Credit Cards 1,473.99
Other Current Liabilities
Payroll Liabilities 5,520.47
Payments on Account -1,520.00
Sales Tax Payable 2,086.50
Total Other Current Liabilities 6,086.97
Total Current Liabilities 10,115.53
Long Term Liabilities
Bank of Anycity Loan 19,932.65
Equipment Loan 3,911.32
Bank Loan 6,013.06
Total Long Term Liabilities 29,857.03
Total Liabilities 39,972.56
Equity
Opening Bal Equity 151,970.07
Owner's Equity
Owner's Draw -5,000.00
Total Owner's Equity -5,000.00
Retained Earnings -40,198.24
Net Income 14,860.46
Total Equity 121,632.29
TOTAL LIABILITIES & EQUITY 161,604.85
Accounting bookkeeping services