Music Mart

Assets Liabilities
Cash 33250 Notes Payable 12500
(2) 2300 (!!) 6000
(4) 1224 6500
(5) 6000
(6) 3000 Paid in capital 25000
(8) 1000
(11) 6000
(12) 1310 Creditors(01) 5000
25636
Retained Earnings 250
Inventory 4500 (2) 800
(1) 5000 (3) 920
(2) 1500 (8) 1000
(3) 1700 (9) 750
(9) 750 (12) 460
(!2) 850 680
4700 Loans(05) 18000
(6) 9000
9000
Notes Recievable(3) 2620

Prepaid Expenses(4) 1224

Land(5) 24000
(6) 12000
12000

Total Assets 46180 Total Liabilities 46180

 Balance Sheet of Music Mart Inc.
As of January
Assets Liabilities and Owners Equity
Current Assets Current Liabilities
Cash 25636.00 Notes Payable
Inventory 4700.00 Creditors
Notes Recievable 2620.00 Current Liabilities
Prepaid Expenses 1224.00
Total Current Assets 34180.00 Other Liabilities
Loans
Land 12000.00 Total Liabilities

Owner's Equity
Retained Earnings
Paid in Capital
Total Owner's Equity

Total Assets 46180.00 Total

bilities and Owners Equity

6500.00
5000.00
11500.00

9000.00
20500.00

680.00
25000.00
25680.00

46180.00