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    Balance Sheet

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    Muhammad Burhan
    The balance sheet shows B4u Corp had total assets of $354,500 as of January 31, 2007, including current assets of $155,000 such as cash, accounts receivable, and inventory. Property and equipment totaled $199,500, and total liabilities were $6,000 consisting of accounts payable. Shareholders' equity included paid-in capital of $320,000 and net income of $28,500 for total capital of $348,500.

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    Balance Sheet

    Uploaded by

    Muhammad Burhan
    37 views2 pages
    The balance sheet shows B4u Corp had total assets of $354,500 as of January 31, 2007, including current assets of $155,000 such as cash, accounts receivable, and inventory. Property and equipment totaled $199,500, and total liabilities were $6,000 consisting of accounts payable. Shareholders' equity included paid-in capital of $320,000 and net income of $28,500 for total capital of $348,500.

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    The balance sheet shows B4u Corp had total assets of $354,500 as of January 31, 2007, including current assets of $155,000 such as cash, accounts receivable, and inventory. Property and equipment totaled $199,500, and total liabilities were $6,000 consisting of accounts payable. Shareholders' equity included paid-in capital of $320,000 and net income of $28,500 for total capital of $348,500.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    37 views2 pages

    Balance Sheet

    Uploaded by

    Muhammad Burhan
    The balance sheet shows B4u Corp had total assets of $354,500 as of January 31, 2007, including current assets of $155,000 such as cash, accounts receivable, and inventory. Property and equipment totaled $199,500, and total liabilities were $6,000 consisting of accounts payable. Shareholders' equity included paid-in capital of $320,000 and net income of $28,500 for total capital of $348,500.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    B4u Corp

    Balance Sheet
    January 31, 2007

    ASSETS

    Current Assets
    Cash on Hand 20,000.00
    HABIB BANK LIMITED 68,500.00
    Accounts Receivable 60,000.00
    Finished Goods Inventory 2,000.00
    Prepaid INSURANCE 4,500.00

    Total Current Assets 155,000.00

    Property and Equipment


    Plant Property and Equipment 200,000.00
    Accum. Depreciation - Prop&Eqt (500.00)

    Total Property and Equipment 199,500.00

    Other Assets

    Total Other Assets 0.00

    Total Assets 354,500.00

    LIABILITIES AND CAPITAL

    Current Liabilities
    Accounts Payable 5,500.00
    UNEARNED 500.00

    05/17/2011 at 19:24:36 Unaudited - For Management Purposes Only


    Total Current Liabilities 6,000.00

    Long-Term Liabilities

    Total Long-Term Liabilities 0.00

    Total Liabilities 6,000.00

    Capital
    Paid-in Capital 320,000.00
    Net Income 28,500.00

    Total Capital 348,500.00

    Total Liabilities & Capital 354,500.00

    05/17/2011 at 19:24:36 Unaudited - For Management Purposes Only

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