Professional Documents
Culture Documents
Assets
Current assets:
Cash
Accounts receivable
Inventory
Plant and equipment
Total assets
2010
1,844.00
11,807.00
9,628.00
158,700.00
181,979.00 $
3,278.00
6,954.00
17,417.00
144,500.00
172,149.00
13,446.00
650.00
4,124.00
18,220.00 $
9,250.00
1,110.00
3,650.00
14,010.00
$
$
92,800.00 $
111,020.00 $
75,800.00
89,810.00
70,959.00 $
82,339.00
181,979.00
172,149.00
Assets
CURRENT RATIO
Cash
Cost of goods sold
Merchandise inventory
Accounts Receivable
Net sales
Equipment
4000
$ 85,000.00
$ 15,000.00
$
6,000.00
$ 120,000.00
$ 15,000.00
$ 245,000.00
Liabilities
Depreciation
Rent expense
Utilities
Accounts payable
Wages payable
Miscellaneous expenses
Insurance payable
Wages
$
$
$
$
$
$
$
$
2,000.00
15,000.00
6,500.00
3,500.00
1,500.00
1,500.00
500.00
8,000.00
Total Liabilities
38,500.00
Carlton, Equity
34,500.00
34,500.00
Owner's equity
6.4
0.3