Financial Management 101: Introduction to Business Finance-Balance Sheet

Balance Sheet

Pdf Summary

The provided document is a Sample Balance Sheet dated as of mm/dd/yyyy. It lists the assets, liabilities, and net worth of a business. <br /><br />**Assets:**<br />- Cash and Marketable Securities: $55,000.00<br />- Accounts Receivable: $790,000.00<br />- Inventory and Fleet: $3,755,000.00, including:<br />  - New Equipment: $1,995,000.00<br />  - Used Equipment: $350,000.00<br />  - Net Rent-To-Rent Equipment: $30,000.00<br />  - Net Rent-To-Sell Equipment: $575,000.00<br />  - Parts, Supplies, and Other: $505,000.00<br />  - Service Work in Process: $30,000.00<br />- All Other Assets (net of depreciation): $400,000.00<br />  <br />The total assets amount to $5,000,000.00.<br /><br />**Liabilities:**<br />- Accounts Payable: $280,000.00<br />- Floor Planning: $1,700,000.00<br />- Notes Payable: $225,000.00<br />- Other Liabilities (due within one year): $500,000.00<br />- Long-Term Liabilities: $5,000.00<br /><br />The total liabilities also amount to $2,710,000.00.<br /><br />**Net Worth/Owner Equity:**<br />- The document concludes with the Net Worth or Owner Equity standing at $2,290,000.00.<br /><br />The balance sheet perfectly balances, with the total of liabilities and net worth equaling the total assets at $5,000,000.00. This document serves as a standard financial statement indicating the company’s financial position at a particular point in time, showing that assets are financed either by liabilities or by the owner's equity.

Keywords

Balance Sheet

Assets

Liabilities

Net Worth

Owner Equity

Financial Statement

Accounts Receivable

Inventory

Notes Payable

Depreciation