As of ___/___/___
201
BALANCE SHEET
Current Assets:
2016
2017
2018
2019
CASH ON HAND
$ 500.00
525
551.25
578.81
CASH IN BANK
0
CASH IN BANK -CDS
0
ACCOUNTS RECEIVABLE
0
RESERVE FOR BAD DEBT
0
INVENTORY
4000
4200
4410
4630.5
TOTAL CURRENT ASSESTS
$ 4,500.00
$ 4,725.00
$ 4,961.25
$ 5,209.31
FIXED ASSETS
MACHINERY & EQUIPMENT
4335
4551.75
4779.33
5018.29
FIXTURES & EQUIPMENT
500
525
551.25
578.81
RESERVE FOR DEPRECIATION
0
TOTAL ASSETS
$ 9,335.00
$ 9,801.50
$ 10,291.83
$ 10,806.41
LIABILITIES
CURRENT LIABILITIES
0
ACCOUNTS PAYABLE
0
CURRENT PORTION LONG TERMDEBT
0
TOTAL CURRENT LIABILITIES
0
LONG TERM LIABILITIES
25000
26250
27562.5
28940.62
NOTES PAYABLE
BANK
$ 25,000.00
26250
27562.5
$ 28,940.62
TOTAL LONG TERMLIABILITIES
$ 25,000.00
$ 26,250.00
$ 27,562.50
$ 28,940.62
EQUITY
OWNERS EQUITY
$ 25,000.00
$ 26,250.00
27562.5
28940.62
TOTAL LIABILITIES &EQUITY
$ 50,000.00
$ 52,500.00
$ 55,125.00
$ 57,881.24
A CASH FLOW STATEMENT FOR 12 MONTHS IS NEEDED. THIS IS ASTART-UP USE THE INFORMATION FROM 2016.
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